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2016 Greek budget review a top priority for next disbursement

14 September 15 | Jeroen Dijsselbloem
Jeroen Dijsselbloem

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Antulio Richetta

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Eurogroup President Jeroen Djisselbloem has ruled out any renegotiation of the memorandum with Greece, except in the framework of the programme reviews.

 

Speaking after a Eurogroup meeting held in Luxembourg on Saturday, he said that the issue restructuring Greece's debt will be addressed later in the autumn.

According to European Stability Mechanism (ESM) chief Klaus Regling, the next tranche of bailout loans amounting to 3.0 billion euros can be disbursed in November, if the required prior actions have been implemented.

European Economic Affairs Commissioner Pierre Moscovici said the priorities for the first review are the 2016 budget, a series of public-sector reforms and ensuring the independence of tax authorities.

Djisselbloem said the Eurogroup was briefed on the preparations made to implement the agreed reforms by the Greek caretaker government's Finance Minister George Chouliarakis, while noting that it was currently not possible to pass legislation.

He stressed the need for a government to be formed as soon as possible, however, in time for the first assessment by the institutions in October, when the first prior actions must have been passed.

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