By Tasos Dasopoulos
Greece is implementing its commitments and is in the process of exiting the Enhanced Surveillance regime until the summer, stressed today the Executive Vice President of the European Commission, responsible for “an Economy that will work for the people”, Valdis Dobrovskis.
After the contact he had with the Minister of Finance Christos Staikoura, the Vice President of the European Commission praised Greece for the effort it has made to promote the approval and start of implementation of the national program for the Recovery and Resilience Fund, with the result that today Greece the first ¨ regular installment of 3.6 billion euros.
Mr. Dobrovskis also spoke about the course of Greece’s exit from the enhanced surveillance regime, which, as he said, is expected to be completed next August. As he said, Greece is fulfilling its commitments and it is very likely that in the summer the Commission will give an opinion in favor of the completion of the enhanced supervision regime for Greece.
Regarding the last two installments of the Greek bond profits (ANFA’s – SNP’S), he said that this money, which is essentially part of the medium-term measures for debt relief, will be made in two phases until the end of the year. Greece will receive an installment with the positive report for the evaluation that was completed last Wednesday and the second installment will be given at the end of the year.
Reservations about extending fiscal flexibility
The vice-president of the Commission reserved the answer regarding the possibility of extending fiscal flexibility in 2023, saying that this regime is valid for this year and its extension for next year will be re-evaluated with the Commission’s spring forecasts in May.
The Minister of Finance Mr. Christos Staikouras reiterated the will of the Greek Government to promote reforms that strengthen the Greek economy by stabilizing high rates of economic recovery and reiterated his positions on the changes in the Stability and Growth Pact. He particularly stressed the Greek proposal for the non-calculation of public investments and defense expenditures from the calculation of the deficit and debt.
He stressed, however, that at European level the issue would be discussed from May when the Commission is expected to submit its own proposal for changes to the fiscal rules.
Source: Capital
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