Cooperation with Greek authorities is continuing on 2nd reform package

7 December 2015
112 Views

Greek authorities and the institutions are cooperating well on the completion of the second package of prior actions required by the country’s lenders, Economic and Financial Affairs, Taxation and Customs Commissioner Pierre Moscovici said as he arrived for the Eurogroup meeting in Brussels on Monday.

Commenting on the recapitalization of Greece’s systemic banks, he said it is proceeding well and that he hoped all sides can proceed with the completion of the second batch of reforms. On the same issue, he said there’s no agreement yet between the two sides, but that there’s a spirit of cooperation.

Concerning today’s Eurogroup, the Commissioner said Finance Minister Euclid Tsakalotos is expected to make a presentation on the state of play on these negotiations, while he noted that the vote of the 2016 budget from the Greek parliament which was based on “more favorable or less adverse estimations” is a “good development”.

He noted however that work still remains to be done to complete the agreement on the reforms which will complete the first Greek program review.

In an earlier tweet Moscovici said he had had “constructive discussions” with Greek Labour Minister George Katrougalos on issues of pension and labour market reforms in Greece. Katrougalos is in Brussels to attend a meeting of EU’s employment council.

A well-informed source also said on Monday that Tsakalotos had a meeting with ECB head Mario Draghi.

You may be interested

Thessaloniki: The glorious heart of Northern Greece
GREECE
shares126 views
GREECE
shares126 views

Thessaloniki: The glorious heart of Northern Greece

Panos - Dec 11, 2017

Thessaloniki. A name that conjured up an exotic ancient place that was in my imagination for years. This is Greece’s…

NPEs in Greece drop to 100.4 bln€ in Sept. 2017
FINANCE
shares175 views
FINANCE
shares175 views

NPEs in Greece drop to 100.4 bln€ in Sept. 2017

Panos - Dec 11, 2017

The level of non-performing exposures (NPEs) in Greece in September 2017 dropped by 2.4 and 5.5 percent compared with the…

Greece’s Dimitris Vitsas: As the global threat evolves, so too must the defense industry
DEFENCE
shares232 views
DEFENCE
shares232 views

Greece’s Dimitris Vitsas: As the global threat evolves, so too must the defense industry

Panos - Dec 11, 2017

Defense as a concept has a complex structure and function and is indissolubly linked to the threats that an organization,…

Leave a Comment

Your email address will not be published.