EU Commission ratifies first report in the framework of enhanced surveillance

The European Commission ratified the first report in the framework of enhanced surveillance.

According to the announcement, the report said that the draft budget submitted by Greece for 2019 reassures the compliance with the commitment to meet the 3.5 percent of GDP primary surplus.

The Commission said that the progress made on reforms is moderate and urged the authorities to speed up their implementation in order to meet the targets.

The final report, which will determine the implementation of the measures on debt and includes ANFAs and SMPs returns, will be released at the beginning of the next year.

“The implementation of debt measures, which will depend on the implementation of specific policies and was agreed in the context of the important debt package decided at the Eurogroup meeting on 22 June 2018, will depend on the positive evalutation of the second report, which will be drawn up under the enhanced surveillance framework. This report will be released early next year,” the European Commission said.

Source ANA-MPA
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