ATHENS: Greece will remain under supervision after it exits its current bailout and Athens must achieve “economic and political stability,” the head of a group of Eurozone finance ministers said Saturday.
Greece has received two multi-billion euro bailouts since 2010. The third rescue programme, currently financially supported by EU states alone, runs to August 2018 and Athens then hopes to fully return to market financing.
“The viability of Greek public debt (179pc of GDP) will be reviewed at the end of the programme if Greece respects its commitments,” Dutch Finance Minister Jeroen Dijsselbloem told the Ta Nea newspaper in an interview.
“In all cases where we have had support programmes, the countries have had to submit to a programme of supervision after it ended as happened in Ireland, Spain or Cyprus,” he said.
Published in Dawn, September 24th, 2017
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