In 9th post-bailout review, EC sees reforms slowing due to pandemic
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
Lenders acknowledge reforms, flag up tricky fiscal path ahead
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
ESM report highlights programme weaknesses, outlines improvements for future bailouts
Brussels gives Athens thumbs-up for reforms and budget
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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