The Economic Adjustment Programme for Greece – Third Review

24/2/2011

A joint Commission/ECB/IMF mission met with the Greek authorities in Athens on 27 January – 11 February 2011. 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 document 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 24 February 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.