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I
have been informed that the Eurogroup Working Group on 2 March verified
that all prior actions of the third review of the Greek ESM programme
have been completed.
The
full implementation of the prior actions confirms the commitment of the
Greek government to the programme and a continued reform effort.
The
ESM Board of Directors is expected to approve the disbursement of the
fourth tranche of the ESM programme after national parliamentary
procedures have been completed.
This will pave the way to the release of the first subtranche of €5.7bn in the second half of March.
We
have now entered the final lap of the ESM Greek programme. The fourth
and final review is ongoing. So is the technical work of possible new
debt relief measures.
Greece
has started its return to market financing and the Greek government is
working on a long-term growth strategy, which will be critical to define
the post-programme framework.
I’m confident this will help Greece to return to an equal footing with its European partners and leave crisis days behind.
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