Dijsselbloem hails Greece’s efforts in reforms

14 January 2016
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Eurogroup President Jeroen Dijsselbloem hailed the hard work of the Greek government on Thursday to do concerning the reforms of its social security system, said as he arrived at the meeting of Eurozone finance ministers in Brussels

“I have to compliment the current Greek government because it has done a lot of work on a number of packages of reforms. Of course this program is frontloaded … there are now a couple of issues on the table, the pension reform, some fiscal issues, the budget 2016 has some open issues, setting up the privatization fund,” he said.

“If all that is done in the coming weeks and it has to be finalized with the institutions and we have a staff-level agreement from the institutions on that first review … then we’ll start political debates on debt sustainability. We promised to do that, we have to do with that, also to get the IMF aboard,” he added.

Commenting on the proposal on the reforms of Greece’s social security system revealed by Greek Finance Minister Euclid Tsakalotos, he said it is a “serious proposal”. “It’s obvious they’ve done some serious work on that. It has to become financially sustainable proposal,” he noted. He also said tonight’s Eurogroup will not take any final decisions but will take stock of the progress which has been made so far.

Asked if there is a timeline for the next steps, Dijsselbloem said there isn’t one but noted that it’s a matter of months to wrap up with Greece: “It would rather be months than weeks.” Commenting on his meeting with Tsakalotos, the Dutch official said that he confirmed the Greek government agrees with the participation of the IMF in the country’s program.

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