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Eurogroup meeting: Main results

EU News 155/2016

Council of the European Union

The Eurogroup discussed the state of play of the first review of Greece's macroeconomic adjustment programme.

It welcomed a package of policy reforms, which will cover:

- the pension system
- income tax and VAT
- public sector wage bill measures
- privatisation strategy
- the issue of non-performing loans

The Eurogroup concluded that further work was needed by the Greek authorities and the institutions on a mechanism regarding additional contingency measures. These measures will come into force only if additional effort is needed to reach the agreed primary surplus targets.

The conclusion of the first review will open the way for the disbursement of further financial assistance for Greece, following the implementation of prior actions by Greece and the relevant national procedures in the other euro area member states.

Source and additional information:

From left to right: Mr Pierre MOSCOVICI, Member of the European Commission; Mr Jeroen DIJSSELBLOEM, President of the Eurogroup; Mr Klaus REGLING, European Stability Mechanism Managing Director Shoot location: Brussels - BELGIUM Shoot date: 09/05/2016 Copyright: No commercial use. Credit 'The European Union' URL