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The Economic Adjustment Programme for Greece - Second review – autumn 2010

Author(s): European Commission

The Economic Adjustment Programme for Greece – Second review – autumn 2010 pdf(2 MB) Choose translations of the previous link 

Greek language summarypdf(172 kB) Choose translations of the previous link 


A joint Commission/ECB/IMF mission met with the Greek authorities in Athens on 15-22 November 2010. The mission assessed compliance by Greece with the terms and conditions of the second review under the economic adjustment programme and updated conditionality for the next reviews.

The report contains in annex the following updated programme documents:

  • the Memorandum of Economic and Financial Policies (MEFP);
  • the Memorandum of Understanding on Specific Economic Policy Conditionality (MoU);
  • the Technical Memorandum of Understanding (TMU)

On 9 December the European Commission assessed measures taken by Greece to remedy the situation of excessive deficit. Subject to the approval of the Eurogroup, the overall assessment of compliance paves the way for the next tranche of loans provided by the euro-area Member States.


(European Economy. Occasional Papers 72. December 2010. Brussels. Paper and internet. 131pp. Tab. Graph. Ann. Bibliogr. Free.)

KC-AH-10-071-EN-N (online)
ISBN 978-92-79-18786-5 (online)
doi: 10.2765/96888 (online)

JEL classification: H10,H50,H60

Occasional Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and cover a wide spectrum of subjects. Views expressed in unofficial documents do not necessarily reflect the official views of the European Commission.

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