EU Commission: Gov’t has agreed on new measures for 2016-2017

The European Commission calls Greece to accelerate the implementation of the reforms agreed in the framework of the ESM program noting that this the only way to achieve the recovery of economy.

EU also asks for additional fiscal measures for 2016 and 2017 in order Greek government to achieve the objectives set for the primary surplus.

“The implementation of reforms and confidence between the parties are the key,” EU Commissioner Pierre Moscovici said on Thursday presenting European Commission’s winter estimates, while he did not hide his concern over the negative impact of a possible new resurgence of the Greek crisis on the world economy.

Moreover, as part of the first evaluation of the ESM program, the government has committed to take further measures so as to ensure that it will achieve the primary surplus targets.