EC upbeat on reforms paying off, as long as they continue

EconomyProgramme Tags: EC, ESM, IMF, Reforms
Photo by Sebastien Bertrand via Flickr
Photo by Sebastien Bertrand via Flickr

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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