Eurogroup sees positive Greek reforms

6 December 2019
134 Views

A Eurogroup meeting on Wednesday gave a green light to the transfer of SMP-ANFA income equivalent amounts and the reduction to zero of the step-up interest margin on certain loans to Greece worth 767 million euros in total.

According to sources, the Greek government also managed to secure approval of its request that post-bailout Eurozone profits from Greek bonds are used to boost investment in the country, instead of debt repayment. Details of how this scheme will work will be discussed between Athens and its international creditor institutions in coming months.

Eurogroup president Mario Centeno said Greece was on the Eurogroup agenda “for good reasons” as the reports of the European Commission on the implementation of reforms by the country is “quite positive”.

“All participants at the Eurogroup acknowledged the good course of the economy, the progress, the filling of the gaps and the coverage of the pledges the previous government had left pending, and the positive momentum; the disbursement of the second package of measures for the easing of the Greek debt amounting to 767 million euros was also decided,” Finance Minister Christos Staikouras said.

Source: balkaneu

You may be interested

Greece is a “flawed democracy”, Economist EIU report says
GREECE
shares8 views
GREECE
shares8 views

Greece is a “flawed democracy”, Economist EIU report says

Panos - Jan 23, 2020

Greece is among the “flawed democracies”, according to the Economist Intelligence Unit (EIU) white paper released annually since 2006. Greece…

Pirates release captured crew-members of Greek tanker ‘Happy Lady’
GREECE
shares11 views
GREECE
shares11 views

Pirates release captured crew-members of Greek tanker ‘Happy Lady’

Panos - Jan 23, 2020

The eight crew-members of the Greek-flagged tanker "Happy Lady", among them five Greek nationals, that had been taken by pirates…

Weather forecast: Mostly fair
GREECE
shares9 views
GREECE
shares9 views

Weather forecast: Mostly fair

Panos - Jan 23, 2020

Mostly fair weather and northerly winds are forecast for Thursday. Wind velocity will reach 7 on the Beaufort scale. Scattered…

Leave a Comment

Your email address will not be published.