Greece serves as one more proof of the success of the stabilisation mechanisms that the European Union now possesses, German Finance Minister Olaf Scholz said while speaking to the European Parliament’s Economic Affairs Committee on Thursday.
The European Commission adopted the decision to activate the enhanced surveillance framework for Greece, which will follow the conclusion of Greece’s ESM stability support program as of August 20, the Commission said in a press release on Wednesday.
“The preparation for the next day has already started”, government spokesman Dimitris Tzanakopoulos said in an interview to the website Dikaiologitika News on Sunday.
Greece has returned to normality within the eurozone, European Commissioner for Financial Affairs Pierre Moscovici said during his meeting with Prime Minister Alexis Tsipras on Tuesday at the Maximos Mansion.
Greece will be subject to the surveillance that applies to all eurozone countries, and the budget plan will be governed by the rules applicable to each country, EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici stressed in the Greek Parliament on Tuesday.
The German Federal Parliament on Friday approved the Eurogroup agreement on the completion of the Greek programme by a large majority.
The International Monetary Fund (IMF) welcomes Eurogroup decisions on Greece’s debt relief and believes it will reduce the country’s financial risks in the mid term, Fund spokesman Gerry Rice said during a press briefing on Thursday.
The upcoming period will be one of very good news for Greece’s economy, Prime Minister Alexis Tsipras predicted in an interview with Bloomberg on Wednesday. He stressed that in the last three years, Greece has on all fronts become part of the solution, not the problem.
Alternate government spokesperson of the German government Ulrike Demmer on Friday said the Eurogroup’s decision on Greece was “a good message” for Greece and for Europe, while referring to the “substantial efforts” made by Greece in the context of the programmes.
European Commission Vice President Valdis Dombrovskis, in statements as he arrived for an ECOFIN meeting on Friday, called the decision reached by the Eurogroup on Greece the previous day “a historic moment” for the country.