ESM report highlights programme weaknesses, outlines improvements for future bailouts

EconomyProgramme Tags: ESM, Reforms
Photo by MacroPolis
Photo by MacroPolis

The European Stability Mechanism published on Thursday, along with its 2019 annual report, an independent evaluation of the Greek bailout programmes.

The review was led by ex-EU Commissioner Joaquin Almunia and although its primary focus was the third and final ESM programme it did consider the second Greek rescue package granted by the EFSF.

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