Key bailout mon­i­tors set to change

Kathimerini English - - Focus - BY ELENI VARVITSIOTIS

BRUS­SELS – A change of guard is in the cards for some of the key rep­re­sen­ta­tives of Greece’s in­ter­na­tional cred­i­tors, with new bailout mon­i­tors ex­pected to as­sume their posts in the fall.

A key switch is ex­pected in Septem­ber when the Euro­pean Com­mis­sion rep­re­sen­ta­tive to Greece, Ir­ish­man De­clan Costello, is likely to leave his post, open­ing the way for a re­place­ment from Por­tu­gal.

Joao Nogueira Martins had an ac­tive role dur­ing the im­ple­men­ta­tion of the first bailout pro­gram for Greece, which was ex­tended to the coun­try in 2010.

The an­tic­i­pated takeover by Martins is ex­pected to be a pos­i­tive de­vel­op­ment for Greece, as he al­ready has good in­sights into the coun­try’s so­cial and eco­nomic re­al­ity. Martins had dis­played gen­uine con­cern for the suc­cess of the pro­gram and the coun­try’s exit from for­eign su­per­vi­sion, sources say.

Another likely de­par­ture is that of the head of the Euro Work­ing Group, Thomas Wieser, who is set to re­tire early next year.

With the pos­si­bil­ity of a new Dutch gov­ern­ment at the end of Au­gust, it is also likely that the cur­rent head of the Eurogroup, Dutch Fi­nance Min­is­ter Jeroen Di­js­sel­bloem, will also be re­placed.

De­clan Costello will soon cease to be the Euro­pean Com­mis­sion’s en­voy for Greece.

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