In a letter regarding the agenda of the Eurogroup meeting scheduled for the 7th of November, the President of the Eurogroup Jeroen Dijsselbloem linked the first interventions on the Greek debt with the completion of the first bailout review.
This is supported by the fact that as soon as the first review concluded, the European Stability Mechanism (ESM) began talks on fleshing out the measures which may be necessary towards the efforts and “technical” solutions until they are finalized. The completion and implementation however will take place after the second bailout program review concludes.
In the same document Mr. Dijsselbloem underlines that the pension system reform will once again be at the top of the agenda for the second review. The Eurogroup chief also notes that the technical teams of the institutions will remain in Athens between the 14th and 21st of November in their next mission.
The Eurogroup chief also analyses measures for debt relief, which include interventions in the maturity of EFSF loans and taking action to manage the interest rate risk from the ESM’s side.