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Athens Macedonian News Agency: News in English, 12-11-19

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] FinMin: Greece fully prepared for Tuesday's Eurogroup meeting

  • [01] FinMin: Greece fully prepared for Tuesday's Eurogroup meeting

    AMNA/ All outstanding issues have been closed, Greece is fully prepared for Tuesday's Eurogroup meeting, Finance Minister Yannis Stournaras said late Sunday night after a marathon broad governmental meeting chaired by Prime Minister Antonis Samaras.

    "There is no longer any outstanding matter on our part. Greece is fully ready for Tuesday," Stournaras said after the meeting.

    The meeting, which began an hour before noon on Sunday, aimed at finalizing two Legislative Acts to enable their immediate publication in the Government Gazette ahead of the Eurogroup session on Tuesday where decisions are expected on Greece.

    The first Legislative Act contains details and clarifications on the measures contained in the Omnibus bill outlining austerity cuts and structural reforms passed by parliament last week, while the second Legislative Act creates a mechanism that will monitor and automatically introduce sanctions in the case of diversions in the budgets of individual ministries, public organizations and local government organizations.

    Stournaras said that all the outstanding matters have closed, given that the first Legislative Act concerning the fiscal monitoring mechanism was finalized at Sunday's meeting, while the second Legislative Act is due for completion on Monday.

    Asked whether he expects the Eurogroup on Tuesday to give the thumbs up for the disbursement of the outstanding tranche of the EU/IMF bailout loan to Greece, Stournaras replied that "I do not wish to say anything more on that".

    As for the sustainability of the Greek debt, he said that "we are also contributing to that discussion".

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