Supplemental MoU sets out path for maintaining fiscal sustainability

EconomyProgramme Tags: IMF, Reforms
Photos by Dennis Skley via Flickr
Photos by Dennis Skley via Flickr

A swift staff-level agreement (SLA) was reached between Greece and the institutions last Saturday and the details of the deal were revealed in the Supplemental Memorandum of Understanding (sMoU) was published by the European Commission on Thursday.

The document, which details Greece’s obligations and the next policy steps, is based on the four pillars on which Greece’s third programme has been built with the aim of ensuring fiscal sustainability, safeguarding the financial stability in the banking...

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