Brussels gives Athens thumbs-up for reforms and budget

EconomyProgramme Tags: Budget, EC, NPLs, Reforms
Photo by TP via Flickr https://flic.kr/p/5WRaRc
Photo by TP via Flickr https://flic.kr/p/5WRaRc

Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.

This paves the way for the Eurogroup to release the second set of debt relief measures worth 767 million euros. This consists of the return of the income amounts from SMP and ANFA holdings held by eurozone central banks and the waiver of the step-up int...

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