No new commitments or terms for Greece after the memorandum, Dombrovskis says

Ο υπουργός Οικονομικών Ευκλείδης Τσακαλώτος (Α) συνομιλεί με τον Αντιπρόεδρο της Ευρωπαϊκής Επιτροπής, Βάλντις Ντομπρόβσκις (Δ) στη συνάντηση που είχαν στο υπουργείο Οικονομικών, Παρασκευή 15 Ιουνίου 2018. ΑΠΕ- ΜΠΕ.ΑΛΕΞΑΝΔΡΟΣ ΒΛΑΧΟΣ

There will be no new commitments and terms for Greece after the memorandum, said Valdis Drombrovskis, European Commission Vice-President for the Euro and Social Dialogue, on Friday, adding that the country was returning to normality and the “European Semester” with the submission of reports to the European Commission on fiscal data.

Speaking to reporters during a joint press conference with Greek Finance Minister Euclid Tsakalotos in Athens, Dombrovskis said that Greece should adhere to its agreements, adding that economic growth could create fiscal space, after which there could be a discussion on how this could be exploited by the government. He noted that exploiting this fiscal space was generally a decision that depended on the government, but stressed that obligations within the “European Semester” will have an impact on its exploitation. He reiterated that adhering to agreements for maintaining high primary surpluses was very important.

On his part, Tsakalotos said a discussion on implementing positive measures will be held with the Commission in October, along wth the presentation of a new draft budget, to be followed by a discussion on distributing spending (lower taxation, social benefits). Dombrovskis, replying to questions on a scheduled pension cut from January 1, 2019, said: “I would like to reiterate that there is nothing new on the subject beyond what has been legislated”.
Dombrovskis said a Eurogroup meeting on June 21 will have a long discussion on Greece, adding that the last tranche of financial assistance would be significant in order to facilitate the country’s return to capital markets.

Referring to debt relief measures, he linked debt relief with the implementation of pending prior actions from a third economic programme. “There are no new terms beyond that,” he said, adding that the Commission will present a compliance report for the fourth review of the Greek programme at the Eurogroup meeting.

Source: ANA-MPA

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