Greece Close to Ending Third Program Review

The Eurogroup Working Group (EWG) acknowledged on Thursday the implementation by Greece of most prior actions required to complete the country’s third program review, according to a Eurozone source.

The heads of the Eurozone’s finance ministries were informed that only three out of the 110 prior actions remain open and concern issues that are not in the government’s power, such as:

  • the Council of State’s ruling on Hellinikon
  • the effectiveness of the electronic foreclosure auctions and
  • the calls for the expression of interest in the gas network.

The final decision is expected to be made by the Eurogroup on Feb. 19 and if everything goes well, the board of the European Stability Mechanism will approve the disbursement of the next loan tranche.

The EWG was also briefed about the progress made in the technical discussions on the so-called French debt relief mechanism, but no decisions were taken, as talks continue.

Source: ANMA


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