Eurogroup statement on Greece

On 5 December 2016, the Eurogroup published a statement welcoming the progress that has been made in reaching full staff-level agreement between Greece and the institutions in the context of the second review of the ESM programme. In particular, the Eurogroup welcomed the agreement with the European institutions on a budget for 2017.

One of the main topics discussed again was the sustainability of Greek public debt with the objective to regain market access. In this context, the Eurogroup endorsed the full set of short-term measures on the basis of proposals by the ESM and preparatory work by the EWG, which were scheduled be implemented by the ESM following this meeting.

• Primary Source

Kathimerini, 03.12.16: ESM chief to present debt proposals at Eurogroup http://www.ekathimerini.com/214294/article/ekathimerini/news/esm-chief-to-present-debt-proposals-at-eurogroup

ESO: Background information: Eurogroup statement on Greece (10 October 2016) http://www.europeansources.info/record/eurogroup-statement-on-greece-2/

EurActiv, 05.12.16: Eurozone seeks compromise on Greek debt ahead of IMF deadline http://www.euractiv.com/section/euro-finance/news/euro-zone-seeks-compromise-on-greek-debt-ahead-of-imf-deadline/

Politico, 02.12.16: Greek nightmare before Christmas http://www.politico.eu/article/a-greek-nightmare-before-christmas/

Politico, 05.12.16: Eurogroup ministers: Italy vote won’t threaten the euro http://www.politico.eu/article/eurogroup-ministers-italy-vote-wont-threaten-the-euro/

EurActiv, 06.12.16: Eurozone agrees short-term debt relief for Greece amid IMF row http://www.euractiv.com/section/euro-finance/news/eurozone-agrees-partial-debt-relief-for-greece-amid-imf-row/

Kathimerini, 05.12.16: Short-term debt relief approved by Eurogroup but tough measures loom http://www.ekathimerini.com/214340/article/ekathimerini/business/short-term-debt-relief-approved-by-eurogroup-but-tough-measures-loom

The Guardian, 04.12.16: Greece must reform or leave eurozone, says German minister https://www.theguardian.com/world/2016/dec/04/greece-must-reform-or-leave-eurozone-says-german-minister

EUObserver, 06.12.16: EU agrees on debt measures for Greece https://euobserver.com/economic/136155

BBC News, 05.12.16: Greek debt burden eased by creditors http://www.bbc.co.uk/news/business-38215635

EurActiv, 07.12.16: Christmas spirit lacking in Greek bailout wrangles http://www.euractiv.com/section/euro-finance/news/christmas-spirit-lacking-in-greek-bailout-wrangles/

European Stability Mechanism: Financial Assistance: Greece - ongoing programme https://www.esm.europa.eu/assistance/greece

IMF: IMF and Greece https://www.imf.org/external/country/grc/

ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

EurActiv, 20.01.17: Schäuble says IMF plans to stay in bailout talks, warns Trump to respect deals https://www.euractiv.com/section/euro-finance/news/schauble-says-imf-plans-to-stay-in-bailout-talks-warns-trump-to-respect-deals/

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