EU to remind Athens of tasks
With its two reports on Greece on Wednesday - the second assessment after the end of enhanced surveillance and its recommendations in the context of the European Semester - the European Commission is bringing Athens back to European reality, which entails imposing tight fiscal policy and the acceleration of reforms, following the intense focus on the election.
Although both reports are now included in the framework of "normality," as the European Semester concerns all EU countries, and the assessments are done for all those who joined bailout programs, they are especially important for Greece, as it is the most over-indebted country in the EU.
The Commission's recommendations, as expected by the Finance Ministry, will pave the way for the new Stability Pact, calling for a return to primary surpluses, which will make the debt sustainable. This translates into primary...
- Log in to post comments