European Commission Vice President Valdis Dombrovskis on Monday said Greece and its lenders are likely to reach an agreement “within days” to finally achieve a first review of the Greek program, thus freeing up blocked financing and taking a step to prepare options for debt relief.
European Commission Vice President Valdis Dombrovskis on Monday said Greece and its lenders are likely to reach an agreement “within days” to finally achieve a first review of the Greek program, thus freeing up blocked financing and taking a step to prepare options for debt relief.
The new date on calendar for the Greek issue is May 24, at yet another Eurogroup meeting.
Dombrovskis said EZ finance ministers on Monday were satisfied with the passing, by a majority in Greece’s parliament, of two bills for tax hikes and pension cuts.
"Eurogroup welcomes the policy package. Staff level agreement to be finalised in coming days, including the contingency mechanism," Dombrovskis Tweeted on his account.
EU Commissioner was equally upbeat after the meeting in Brussels, saying the recently passed reforms will make Greece more competitive and attract investments, so that growth can return.
He also referred to EU estimates for economic growth in Greece in H2, as long as reforms are implemented, he added.