Eurogroup paves way to end of Greece’s enhanced surveillance and confirms release of further tranche of debt measures

(Source: Council of the EU and European Council)

Today, the Eurogroup discussed Greece’s progress with reform implementation and its macro-economic outlook, based on the 14th enhanced surveillance report of the European Commission.

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

Given the successful delivery of the bulk of Greece’s policy commitments, ministers also welcomed the European Commission’s intention not to prolong enhanced surveillance after its expiration on 20 August 2022. 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.

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