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The Economic Adjustment Programme for Greece - Third review

Author(s): European Commission Directorate-General for Economic and Financial Affairs

The Economic Adjustment Programme for Greece - Third Review´╗┐pdf(2 MB) Choose translations of the previous link 


A joint Commission/ECB/IMF mission met with the Greek authorities in Athens on 27 January – 11 February 2011. 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 document 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 24 February 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 77. February 2011. Brussels. Paper and internet. 186pp. )

KC-AH-11-077-EN-N (online)
ISBN 978-92-79-19328-6 (online)
ISSN 1725.3209 (online)
doi: 10.2765/15740 (online)

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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