|
|
|
|
The
Eurogroup welcomes the implementation by the Greek authorities of the
set of 15 milestones in the context of the first review of the ESM
programme. The Eurogroup commends the Greek authorities for adopting the
necessary further measures to reform the pension system and the energy
sector, to strengthen bank governance, to fully establish the new
independent Revenue Agency and to proceed with the privatisation
programme. The Eurogroup also notes the further progress in the set-up
of the Privatisation and Investment Fund - the Hellenic Corporation of
Assets and Participations (HCAP). The Eurogroup stresses that the
appointment of the members of the Board of Directors of HCAP, including
the Chairman and CEO positions, must be pursued as a matter of priority
in order to make the fund fully operational before the end of 2016, in
the context of the second review of the ESM programme. To this end, we
welcome the commitment of the Greek authorities to ensure that the
appointment process is in line with the requirements of the HCAP law to
ensure that Board members are fully independent, professional and with
clear experience and the corporate governance standards will be in line
with international best practices.
The
implementation of the milestones paves the way for the ESM Board of
Directors to approve the remaining disbursement of EUR 1.1 bn under the
second tranche for debt servicing needs.
The
Eurogroup acknowledges that significant progress has been made towards
the clearance of net arrears during July and August and notes the time
required for completing the data for September, which would be later in
October. The institutions' positive assessment of Greece's clearance of
net arrears would pave the way for the ESM Board of Directors to approve
the further release of EUR 1.7 bn, which will be disbursed to a
dedicated account to be used for arrears clearance.
The
Eurogroup will now turn its attention to the next stages of the ESM
programme. We call on the Greek authorities to intensify their work with
the institutions on the measures needed to complete the second review
in a timely manner, and welcome the intention of the institutions to
return to Athens in mid-October 2016.
|
Δεν υπάρχουν σχόλια :
Δημοσίευση σχολίου