Wednesday, October 15, 2014

The Eurogroup Finance ministers met in Luxemburg on October 13 to discuss economic situation in the euro area and how best to support growth and jobs. The progress in the first phase of the Greek programme review was also on the agenda. In his remarks to the press following the meeting, Eurogroup chairman Jeroen Dijsselbloem made special reference to Greece, emphasizing that: 

(…) “We welcomed that Greek authorities have made considerable progress over summer in implementing the agreed policy conditionality. At the same time, we learned that in several areas significant further work is still needed to bring the programme on track and to be able to successfully complete the fifth review… We have urged the Greek authorities to ensure a swift implementation of the necessary reform measures, in line with the MoU and in close consultation with the Troika institutions. Once the findings of this fifth review become clear, the Europgroup will start to discuss a number of interrelated issues, such as the arrangements to be put in place once the current programme expires, which will be at the end of this year."