First Enhanced Surveillance Report for Greece notes steady growth, but with risks and challenges
![](https://ec.europa.eu/newsroom/repository/picture/2018-47/04-news-02_38665.jpg)
date: 22/11/2018
See also: Financial assistance to Greece
On 21 November 2018, the Commission adopted the first enhanced surveillance report for Greece alongside the autumn package under the European Semester. Greece has been fully integrated into the European Semester since 21 August. The report covers the latest economic and financial developments in Greece as well as an assessment of Greece’s progress in implementing reform commitments given to its European partners at the June 2018 Eurogroup. The publication of the report follows the first post-programme mission to Greece which took place from 10 to 14 September 2018. The report notes that Greece is now experiencing a period of steady growth, but that financing conditions remain difficult and could hinder the recovery. Moreover, the decade-long crisis in Greece has many legacy effects not only in the form of unemployment but also in the form of public and private debt and non-performing exposures, as well as an erosion of Greece’s capital stock. On the positive side, Greece’s 2019 budget is in line with the primary surplus target of 3.5% of GDP.