Eurogroup statement on Greece
The Eurogroup welcomes that a full staff-level agreement has been
reached between Greece and the institutions. Also, the Eurogroup notes
with satisfaction that the Greek authorities and the European
institutions have reached an agreement on the contingency fiscal
mechanism, which is in line with the Eurogroup statement adopted on 9 May in particular as regard the possible adoption of permanent
structural measures, including revenue measures, to be agreed with the
institutions. It therefore provides further reassurances that Greece
will meet the primary surplus targets of the ESM programme (3.5% of GDP
in the medium-term), without prejudice to the obligations of Greece
under the SGP and the Fiscal Compact.
The Eurogroup also welcomes the adoption by the Greek parliament of most of the agreed prior actions for the first review, notably the adoption of legislation to deliver fiscal parametric measures amounting to 3% of GDP that should allow to meet the fiscal targets in 2018, to open up the market for the sale of loans and to establish the agreed Greek Privatisation and Investment Fund that should operate in full independence. The Eurogroup mandates the EWG to verify in the next few days the full ...
The Eurogroup also welcomes the adoption by the Greek parliament of most of the agreed prior actions for the first review, notably the adoption of legislation to deliver fiscal parametric measures amounting to 3% of GDP that should allow to meet the fiscal targets in 2018, to open up the market for the sale of loans and to establish the agreed Greek Privatisation and Investment Fund that should operate in full independence. The Eurogroup mandates the EWG to verify in the next few days the full ...
