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Greece Remains Under Supervision

Greece Remains Under SupervisionGreece Remains Under Supervision

Greece will remain under supervision after it exits its current bailout and Athens must achieve “economic and political stability”, the head of a group of eurozone finance ministers said late Saturday, AFP reported. Greece has received two multi-billion euro bailouts since 2010. The third rescue program, currently financially supported by EU states alone, runs to August 2018 and Athens then hopes to fully return to market financing. “The viability of Greek public debt (179% of GDP) will be reviewed at the end of the program if Greece respects its commitments,” Dutch Finance Minister 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”.

 

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