Eurogroup’s Dijsselbloem: Greece Under Supervision even After Bailout Exit

Greece will remain under supervision after it exits its current bailout, and Athens must achieve “economic and political stability,” Jeroen Dijsselbloem said, contradicting PM Tsipras’ assurances that in 2018 the country will see the end of international supervision.

“The viability of Greek public debt [179% of GDP] will be reviewed at the end of the program if Greece respects its commitments,” head of Eurogroup, Jeroen Dijsselbloem, told the Ta Nea newspaper in an interview.

“In all cases where we have had support programs, the countries have had to submit to a program of supervision after it ended as happened in Ireland, Spain or Cyprus,” he said.

“In Greece we will also have a supervision program especially since there are outstanding debts with long repayments.” But he said the Greek economy “is performing better.”

Dijsselbloemis is in Athens Monday, where he will have a series of meetings signaling the beginning of the third bailout review this week. He met with president Papoulias and PM Alexis Tsipras in the afternoon.

Speaking in Thessaloniki in early September, the Greek PM proclaimed the end of the Greek bailout in 2018, assuring his audience that the country will take its fate into its own hands again.