Ms Christine Lagarde, Managing Director
of the IMF and Mr Jean-Claude Juncker,
Prime Minister of Luxembourg and President
of the Eurogroup
© European Union
Ministers of the euro area, meeting in Brussels on 21 October, agreed to endorse the disbursement of the sixth tranche of financial assistance to Greece. The disbursement is foreseen for the first half of November, following approval by the Board of International Monetary Fund (IMF).
The Eurogroup took the decision having examined the results of the fifth review of the economic adjustment programme for Greece, on the basis of a compliance report by the European Commission and a recent analysis of the sustainability of the Greek debt by the „Troika” (European Commission, IMF and European Central Bank).
Ministers noted that the macroeconomic situation in Greece has become worse since the fourth review , but they welcomed Greece’s „substantial fiscal consolidation…
Ms Christine Lagarde, Managing Director
of the IMF and Mr Jean-Claude Juncker,
Prime Minister of Luxembourg and President
of the Eurogroup
© European Union
Ministers of the euro area, meeting in Brussels on 21 October, agreed to endorse the disbursement of the sixth tranche of financial assistance to Greece. The disbursement is foreseen for the first half of November, following approval by the Board of International Monetary Fund (IMF).
The Eurogroup took the decision having examined the results of the fifth review of the economic adjustment programme for Greece, on the basis of a compliance report by the European Commission and a recent analysis of the sustainability of the Greek debt by the „Troika” (European Commission, IMF and European Central Bank).
Ministers noted that the macroeconomic situation in Greece has become worse since the fourth review , but they welcomed Greece’s „substantial fiscal consolidation efforts”, especially the austerity package that the Greek parliament approved on 20 October.
The Eurogroup invites the Greek authorities to continue implementing structural reforms and their privatisation programme.
More information:
Full text of the Eurogroup Communiqué
