Eurogroup warns on review de­lays

Kathimerini English - - Focus - ELENI VARVITSIOTIS

Eu­ro­zone finance min­is­ters meet­ing in Tallinn yes­ter­day sent a clear mes­sage that Greece needs to speed up the com­ple­tion of its third bailout review, while also warn­ing of the neg­a­tive fall­out from the continued pros­e­cu­tion of the ex-chief of the coun­try’s sta­tis­ti­cal author­ity.

EU Fi­nan­cial Af­fairs Com­mis­sioner Pierre Moscovici and Eurogroup Pres­i­dent Jeroen Di­js­sel­bloem made spe­cific ref­er­ence to the neg­a­tive con­se­quences of the ju­di­cial bat­tle waged against for­mer ELSTAT chief An­dreas Ge­or­giou on the re­li­a­bil­ity of the agency’s data, while the head of the Euro­pean Sta­bil­ity Mech­a­nism, Klaus Regling, also warned of the ef­fect on in­vestors.

Re­spond­ing to a ques­tion as to whether ad­di­tional mea­sures will have to be taken in 2018 if fis­cal tar­gets are not met by Athens, Moscovici said the Com­mis­sion is mon­i­tor­ing the sit­u­a­tion closely and has con­fi­dence in the Greek au­thor­i­ties, but also that they must en­sure all the mea­sures out­lined in the bailout agree­ment are im­ple­mented.

“Tech­ni­cal teams are at the mo­ment in Athens, fact-find­ing and pre­par­ing the ground, so that later on the third review can get off to a quick start,” Di­js­sel­bloem said. “The idea is to fin­ish that be­fore the end of the year.”

Eurogroup chief Jeroen Di­js­sel­bloem said the third review must be com­pleted by year-end.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.