The last formal confirmation has also arrived: in a week, from 20 August, Greece will exit the EU enhanced surveillance regime to which it is subjected by the 2010 bailout. The European Commissioners responsible for the Economy, Paolo Gentiloni and Valdis Dombrovskis, recently validated the decision announced to the Eurogroup last June 16 in a letter sent to the Greek finance minister, Christos Staikouras this week.
The European Commission recognizes that Athens has fulfilled most of its political commitments and has put in place an effective reform agenda, even in the difficult circumstances caused by the Covid-19 pandemic and the war in Ukraine. “The resilience of the economy. Greece has improved considerably and the risks of fallout on the Eurozone have significantly decreased “, observe Gentiloni and Dombrovskis.
Athens will thus pass to the post-program surveillance cycle (Spp) and the regular European semester for monitoring the economic, fiscal and financial situation.