Eurogroup welcomes EC's plan to end to Greece’s enhanced surveillance

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Eurogroup welcomes EC's plan to end to Greece’s enhanced surveillanceRelease of 7th tranche confirmed

The Eurogroup ministers welcomed the European Commission’s intention not to prolong enhanced surveillance after its expiration on 20 August 2022, they said on Thursday, given the successful delivery of the bulk of Greece’s policy commitments, ANA reports.

"This, combined with the earlier abolition of capital controls and the full repayment of the IMF loans, would restore conditions of normality in Greece for the first time since 2010," a Eurogroup statement said following a discussion of Greece's progress with reform implementation and its macro-economic outlook, based on the 14th enhanced surveillance report of the European Commission.

The Eurogroup also released the seventh tranche of policy-contingent debt measures, worth 748 million euros. "The Eurogroup welcomed the assessment by European institutions that the necessary conditions are in place" to confirm the release of the tranche," the statement noted.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Andrikkos

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