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  • Centeno: Greece must meet all bailout preconditions by 21 June

    Eurogroup President Mario Centeno underlined in a letter to eurozone finance ministers that Greece should have completed the remaining bailout preconditions by the 21 June Eurogroup meeting.

    ΤοΒΗΜΑ Team
    Eurogroup President Mario Centeno underlined in a letter to eurozone finance ministers that Greece should have completed the remaining bailout preconditions by the 21 June Eurogroup meeting.
    The government plans to legislate all the last preconditions in an omnibus bill that parliament is scheduled to pass on 14 June.
    In the letter, Centeno notes that the 24 May Eurogroup confirmed the technical agreement between Greece and its creditors regarding the necessary reforms to complete the ongoing bailout evaluation.
    Centento said this was an important milestone that brings one closer to the successful completion of the ESM (European Stability Mechanism) fiscal programme.
    Centeno said that completion of all the preconditions will allow the Eurogroup to take a political decision on completing the evaluation and the entire bailout programme – including prospective debt relief measures, the post-bailout supervisory framework, and the disbursal of the last loan tranche.
    Centeno recalls that at their May meeting Eurogroup finance ministers exchanged views on debt relief measures that will be implemented if necessary, and only after successful completion of the programme.

    Centeno notes that creditors – “the institutions” – were asked to present a debt viability report, and that the Eurogroup Working Group was asked to work out all the parameters that must be taken into account for a successful bailout exit.

    International
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    Helios Kiosk