Bloomberg: EU reportedly paves way for further Greek debt relief

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The European Commission is set to implement further debt relief measures for Greece, after the country fulfilled its commitments in the last assessment after its rescue, according to an EU official, according to Bloomberg.

Greece has fulfilled the agreed terms despite the economic consequences of the pandemic and Russia’s invasion of Ukraine, said the official, who asked not to be named because the information is not yet public. The 14th European Commission Enhanced Surveillance Report is expected on Monday.

In a largely symbolic move that will mark the official end of Greece’s ten-year crisis, the country is also set to emerge from a stringent surveillance regime following a bailout by European Union institutions in August.

Greece aspires to break free from EU bailout by August

Eurozone finance ministers are expected to make the final decisions – both on the release of further debt relief measures and on ending the enhanced supervision program – at a meeting in June.


Source: Capital

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