ECFIN New Publication

The paper presents the European Commission services’ evaluation of the economic adjustment programmes of Greece during the period 2010-2018. As for any evaluation report, the aim is to analyse results and draw lessons in order to inform possible future decisions. This evaluation draws on an independent report which was published at the same time. In line with the main findings of the external report, the evaluation shows that the economic adjustment programmes of Greece did not initially perform as expected, but that their results improved over time and their main objectives have been achieved. With significant financing over the period 2010–2018, Greece gradually started recovering and returned to sovereign markets.