Eurogroup’s decision another step for a Greek success story, Pierre Moscovici says
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
European Commissioner for Economic and Financial Affairs Pierre Moscovici said that the Eurogroup’s decision on Friday for the disbursement of approximately 1 billion euros to Greece was “one more step” toward making the Greek issue “a success story,” while adding that it was a “strong signal” to investors and the markets as it proves that Greece is continuing reforms and that its European partners continue to support it.
- “Greece has done everything it could to respect its commitments,” stated Moscovici, noting that the European Commission submitted the updated Enhanced Surveillance Report on Greece on Wednesday in order to prepare Friday’s decision.
Referring to the successor of the Katseli law on household insolvency and primary residence protection, he said that it serves a specific purpose, which is to protect vulnerable households without undermining the efforts for the reduction of non-performing loans, while noting that the measure must be “temporary”.
- European Central Bank board member Benoit Coeure, on his part, who also participated in the press conference in Bucharest, expressed his pleasure over the final version of the primary residence protection legislation.
He said that, initially, the ECB had pointed out some risks that might have a negative impact on the banks, the reduction of non-performing loans and even the justice system. However, in the final version the specific risks have been significantly minimised and a positive impact on the reduction of non-performing loans is expected. He also said the ECB will be closely monitoring the implementation of the legislation and will issue its first assessment within 2019.
Source: ANA-MPA
Disbursement of 1 billion euro tranche to be discussed at Eurogroup meeting