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Another crisis chapter closes, triggering final round of debt relief measures -
Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060 -
Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead -
Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance -
Latest EC review clears path towards end of enhanced surveillance process in 2022 -
Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
Review delay brings Greek liquidity needs back into focus
Apart from creating increasing risks to the strong economic recovery anticipated in 2017, the delay in the conclusion of the second programme review also brought to the forefront the issue of Greece’s liquidity needs to cover its debt redemptions.
The country’s financing needs in 2017 (excluding T-Bills, which have regularly been rolled over during the last two years) amount to 10.52 billion euros. Of this, 5.49 billion relates to redemptions of Greek government bonds (GGBs) held by the ECB and t...
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