EU Commission Vice-President Valdis Dombrovskis on Tuesday reiterated from Brussels that a first review of the Greek program is very near completion.
EU Commission Vice-President Valdis Dombrovskis on Tuesday reiterated from Brussels that a first review of the Greek program is very near completion.
He nevertheless reminded that Friday’s Eurogroup meeting in Amsterdam will merely record the progress made so far, a statement echoing other European leaders’ predictions that no decisions will emanate from the specific meeting.
According to Dombrovskis, an agreement, in principle, was achieved over the weekend on the sidelines of an IMF spring meeting in Washington between the Greek side and the country’s institutional creditors -- Commission, ECB, ESM, IMF. The draft agreement foresees that the first review will be concluded based on the Commission’s more optimistic scenario, while “emergency measures” will be held in reserve in case the IMF’s scenario materializes.
Dombrovskis attended the meetings.
The Latvian leader said progress has been noteworthy over recent weeks, with the first review very close.
Asked about an agreement before May 1, he merely noted that the Commission does not set down deadlines, something it did in the past, which wasn’t met with success.
He last statement, in fact, was an indirect criticism, saying the review should have been completed last autumn.