First Economic Adjustment Programme for Greece

The "exit" of Greece from Enhanced Supervision is expected to mean the end of the 14th post-memorandum evaluation of Greece, which is in progress, while today meetings are being held between the government and the Institutions.

Negotiations between Institutions and Greece came to an end. In view of the 12th assessment of the Greek economy, which is under strict supervision, the European institutions and the Greek governement discussed every single issue, focusing mainly on the financial issues, the public debts to individuals, the auctions and the bankruptcy law.

The Eurogroup verdict

The government is seeking the early repayment of the loans received from the IMF under the Memoranda, but also the faster exit from the regime of enhanced post-memorandum supervision in 2022.

Four measures were announced by the Greek Prime Minister

The European Commission on Thursday signed a memorandum outlining a detailed plan agreed by Greek authorities and EU agencies to establish a new, up-to-standard reception center on the island of Lesvos by early September 2021. This is a key step in resolving the situation following the fires that destroyed the Moria camp in September.

Has Greece made a clean exit from the bailout program, or not? Is the country done with the so-called memorandum, or is the austerity program agreed with our international lenders continuing by other means?

So many people seem to have reached breaking point, slammed physically and mentally by exhaustion. The pressure on the people of a country that is bankrupt on so many different levels is calculable in megatons; more so because whatever light may be shimmering at the end of the tunnel is constantly being blocked out by toxic and torpid forces.

Creditor-imposed austerity led to increased rural poverty and food insecurity in Greece and violated people's right to food, the Transnational Institute (TNI), an international research and advocacy body based in Amsterdam, has concluded, 10 years after the country signed its first bailout deal.

Greece's fifth and final loan installment from its adjustment program will be disbursed "in the coming days," the European Stability Mechanism (ESM) said in a press release on Thursday.

The governing board of the European Stability Mechanism (ESM) is expected to decide on Friday morning on the disbursement of the last bailout tranche to Greece, amounting to 15 billion euros.