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Parliamentary questions
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13 September 2018
Answer given by Mr Moscovici on behalf of the European Commission
Question reference: E-002386/2018

The Eurogroup of June 2018 decided on a package of far-reaching debt measures with a view to ensuring Greece's debt sustainability over the medium and long term(1).

The Commission has since adopted a decision activating the Enhanced Surveillance framework for Greece(2). Enhanced Surveillance does not represent an extension of the current stability support programme or a new programme. It does not involve any new conditionality. It facilitates support for the completion, delivery and continuity of reforms the Greek authorities have committed to implement under the programme, which concluded on 20 August 2018.

While extensive progress has been made in terms of structural reforms to modernise the economy and public administration, the benefits of reforms and positive effects for citizens on the ground do not come with the adoption of legislation, but with their effective implementation.

Whilst major reforms have been legislated under the stability support programme and platforms for their implementation have been established, their full roll out has not been yet completed and will require sustained action for a number of years. This includes, for example, reforms to support the operationalisation of the Independent Revenue Agency performing at arms' length from political interference, to put in place a cadastre for all of Greece, streamline investment licensing procedures, merge pension funds, and establish a national system of primary care. Therefore, the Greek authorities entered into certain specific commitments in June 2018.

In their reform efforts, the Greek authorities will continue to benefit from technical support provided and coordinated by the Commission's Structural Reform Support Service.

(1)Eurogroup statement on Greece of 22 June 2018, available at: http://www.consilium.europa.eu/en/press/press-releases/2018/06/22/eurogroup-statement-on-greece-22-june-2018/?utm_source=dlvr.it&utm_medium=twitter
(2)C(2018) 4495 final, Commission Implementing Decision of 11.7.2018 on the activation of enhanced surveillance for Greece, available at: https://ec.europa.eu/info/sites/info/files/economy-finance/2_en_act_part1_v7_adopted.pdf

Last updated: 13 September 2018Legal notice