Grexit: Greece to remain under supervision

ATHENS: 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 Saturday. Greece has received two multi-billion euro bailouts since 2010. The third rescue programme, 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 programme if Greece respects its commitments,” Dutch Finance Minister Jeroen Dijsselbloem told the Ta Nea newspaper in an interview. “In Greece we will also have a supervision programme especially since there are outstanding debts with long repayments.” But he said the Greek economy “is performing better”.

Published in The Express Tribune, September 24^th, 2017.

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