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
EC upbeat on reforms paying off, as long as they continue
In a background paper published on Monday, the European Commission (EC) takes stock of the progress in the first two thirds of Greece’s European Stability Mechanism (ESM) programme and provides an overview of the measures undertaken to date to achieve its four main objectives.
The Commission takes an overall positive view on the developments so far but warns that efforts will need to continue as the nascent recovery is fragile and dependent on positive programme progress and eventual successful completion.
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