Greece and Eurozone agree to shift from austerity to reforms

Series Title
Series Details 21.02.17
Publication Date 21/02/2017
Content Type

Greece and its Eurozone partners reached an agreement on 20 February 2017 at a Eurogroup meeting which unlocked the second review of the country's bailout programme.

The agreement did not resolve all disputed issues, like the shape of the pension reforms in Greece and the tax and labour rules. However, it was agreed that the country did not have to make any major debt repayment to its creditors until the summer of 2017.

Representatives of the main creditors (European Commission, European Central Bank, European Stability Mechanism and the International Monetary Fund) were scheduled to return to Greece shortly to conclude the bailout review which would unlock further payments. Following reports indicating an initial agreement, issues like debt restructuring and reform of pensions brought uncertainty into the negotiations.

Source Link http://www.ekathimerini.com/216364/article/ekathimerini/news/greek-govt-in-damage-control-mode-after-brussels
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Record URL https://www.europeansources.info/record/?p=503058