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Commission supports normalisation in Greece through activation of post-programme framework

The Commission has adopted a decision to activate the enhanced surveillance framework for Greece.

date:  16/07/2018

See alsoPress release

The Commission has adopted a decision to activate the enhanced surveillance framework for Greece. The decision, which was announced on 11 July, will enable the Commission to support the implementation of agreed reforms following the successful conclusion of the European Stability Mechanism (ESM) stability support programme. On 20 August, Greece will conclude its ESM stability support programme, safeguarding its place at the heart of the euro area and the EU. This major achievement is the result of the sacrifices of the Greek people, Greece's commitment to reforms, and the solidarity of its European partners. The Commission’s decision to activate the enhanced surveillance framework facilitates Greece's normalisation, building on the progress that has been made. It will support the completion, delivery and continued implementation of reforms agreed under the programme, in line with the commitments made by the Greek authorities. This is crucial to building market confidence and thus to strengthening Greece's economic recovery, particularly in the immediate post-programme period.