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Greece post-programme surveillance mission reviews progress on 16 reform commitments

Staff from the European Commission, in liaison with staff from the European Central Bank, visited Athens from 21-25 January for the second post-programme mission to Greece.

date:  31/01/2019

See alsoStaff statement following the second pos...

Staff from the European Commission, in liaison with staff from the European Central Bank, visited Athens from 21-25 January for the second post-programme mission to Greece. The mission held discussions on the key challenges facing the Greek economy, including the fiscal situation and outlook following the adoption of a budget for 2019 to reach the agreed primary surplus target of 3.5% of GDP. Particular attention was paid to assessing the implementation of the 16 specific reform commitments for the end of 2018 annexed to the Eurogroup statement of June 2018. The mission also focused upon measures to strengthen financial stability, including the implementation of the Non-Performing Loans resolution strategy and a revision of the Household Insolvency Law (Katseli Law). Mission staff also had the opportunity to meet with representatives of political parties, social partners and banks in order to update them and exchange views on key policy issues. The enhanced surveillance report reflecting the detailed findings and recommendations of this mission will be published on 27 February. It will serve as the basis for the Eurogroup to agree on the transfer of SMP-ANFA income equivalent amounts and the cancellation of the step-up interest margin on certain EFSF loans.