The Economic Adjustment Programme for Greece – Second review – autumn 2010

A joint Commission/ECB/IMF mission met with the Greek authorities in Athens on 15-22 November 2010. The mission assessed compliance by Greece with the terms and conditions of the second review under the economic adjustment programme and updated conditionality for the next reviews.

The report contains in annex the following updated programme documents:

+the Memorandum of Economic and Financial Policies (MEFP);
+the Memorandum of Understanding on Specific Economic Policy Conditionality (MoU);
+the Technical Memorandum of Understanding (TMU)

On 9 December the European Commission assessed measures taken by Greece to remedy the situation of excessive deficit. Subject to the approval of the Eurogroup, the overall assessment of compliance paves the way for the next tranche of loans provided by the euro-area Member States.