Following the failure of yesterday’s Eurogroup to approve disbursal of Greece’s next loan tranche, Finance Minister Euclid Tsakalotos has outlined a number of planned steps that should be implemented by the Eurogroup’s June meeting.
Tsakalotos was addressing the European Parliament’s Committee on Economic and Monetary Affairs.
The steps that he enumerated, as Bloomberg has reported, include successful completion of the fourth and last bailout implementation evaluation, debt relief, and the terms on which Greece will proceed after completion of the current fiscal adjustment programme in August.
The final two preconditions for closing the third bailout evaluation will be met in the next few days, as Tsakalotos confirmed.
“We do not want surprises after the end of the programme. We want to be clear about the next steps,” Tsakalotos said.
“By the end of April, we shall present our own strategic development plan, which will put forward the basic priorities required for us to move ahead, which is very important for the government,” the financed minister said.
“Greece has built a strong level of credibility over the last two years. The prospect of a precautionary credit line, on the contrary, could send the wrong signals to the markets,” Tsakalotos concluded.