Monday, December 30, 2019

Greece still has to work hard

Greece still has to work hard for the remaining part of the loan to 2.8 billion euros - EC

Greece has yet to undertake work to fulfill the commitments for the tranche of European aid to 2.8 billion euros, the European Commission announced today a member of the Economic and Financial Affairs Per Moskovisi.

"I would like to wish more progress from the stage at which we are"- said the Commissioner at a press conference after a meeting of the Eurogroup in Bratislava.

He noted that the fall in the euro zone should be adopted a number of important decisions for the future of Greece.

According P.Moskovisi, in May, the Eurogroup agreed that the allocation of 2.8 billion euros will be held, when Athens will fulfill their "Vekhov obligations"Including the fundamental elements of the economic recovery program, such as privatization, the reform of the energy market and the establishment of an independent fiscal agency.

As the Commissioner said, on the one hand, in recent days there is an intensification of the efforts of the Greek authorities, on the other hand - the meeting of the Eurogroup agreed that if Athens' commitments will be made in the coming weeks, it will not affect the subsequent phases of the program for Greece.

P.Moskovisi expressed the hope that this work will be undertaken by the Greek government before the end of September. This, in his opinion, will facilitate the relationship with the creditors in Athens in the next phase associated with the second review of the program, which will begin in October.

"In the interests of all, but, above all, the Greek people to move (in fulfillment of obligations) as soon as possible"- P.Moskovisi said, adding that the rapid and convincing progress will pave the way for a constructive discussion and positive decision on Greek debt with the IMF in the program until the end of the year.

The decision taken in May, according to the European Commission member, "completely prevented the idea Grexit, that's great, but there is still work to be done in order to achieve complete success".



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