EU officials: Satisfactory cooperation and progress with Greece

November 10, 2015
Written by E.Tsiliopoulos

Eurogroup President Jeroen Dijsselbloem expressed his satisfaction with the commitment of Greek authorities to implement the necessary reforms within the week, during a press conference after the Eurogroup meeting in Brussels on Monday

According to Dijsselbloem, the Eurogroup Working Group (EWG) will have to meet by the start of next week at the latest to review the implementation of the first batch of prior actions, as well as reforms related to the management of Greek banks. As a next step, the ESM’s governing board will have to convene to decide on the disbursement of the 10 billion euros - or part of it – earmarked for the recapitalization of Greek lenders.
On his side, European Commissioner for Economic and Financial Affairs Pierre Moscovici noted that cooperation with Greece has been very satisfactory and the large majority of the prior actions demanded for the disbursement of the loan tranche have been completed.

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