Greece must not slacken the pace of reforms until all the milestones have been reached and all the prior actions completed, European Commissioner for Economic and Financial Affairs Pierre Moscovici insisted on Monday, in a joint press conference with Greek Finance Minister Euclid Tsakalotos following their meeting in Athens.
The completion of Greece’s program review by its lenders is not enough by itself to compensate for the recessionary impact of the measures agreed, New Democracy (ND) leader Kyriakos Mitsotakis said on Wednesday during a speech at an Economist conference in Athens.
A number pending prior actions needed to close the program review were incorporated as amendments in legislation that has been tabled in parliament and will be discussed on Thursday, it was announced.
The government has started drafting the bill that will include the remaining open issues required to close Greece’s program review, aiming to pass it through parliament with the regular procedure before the next Eurogroup on May 24, government sources said on Wednesday.
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel discussed the progress in negotiations to conclude the first review of the Greek programme during a telephone call held on Tuesday, Greek government sources revealed.
Greece’s economic staff will meet with the representatives of the institutions on Wednesday, at 10:00.
Any discussion on divergence from fiscal targets must wait until after the conclusion of the first review, Greek government sources insisted on Monday, while criticising the International Monetary Fund’s (IMF) positions.
The Greek program review will be completed without additional austerity measures because that’s what the agreement stipulates and everyone must respect it, Prime Minister Alexis Tsipras said on Friday during a heated debate in parliament on a proposal tabled by SYRIZA and ANEL to start a probe into the legality and conditions under which banks […]