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 warns budget not on track due to handouts, advises against further underspend
Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
The European technocrats acknowledge that over the last few years Greece has managed to significantly over-perform on the fiscal front. Last year, the primary balance under the enhanced surveillance definition reached 4.3 percent of GDP. When factoring ...
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