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Parliamentary questions
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27 April 2018
Question for written answer E-002386-18
to the Commission
Rule 130
Nikolaos Chountis (GUE/NGL)

 Subject:  Eurogroup negotiations on the Greek debt
 Answer in writing 

The Eurogroup meeting in Sofia (27/04/2018) will discuss the future Greek debt relief mechanism that will be triggered each time Greece deviates from its growth targets.

The IMF has expressed its support for the automatic activation of this mechanism, while Germany insists on linking it to the implementation of reforms.

The Commission has taken an intermediate position, proposing, on the one hand, the automatic activation of the ‘French mechanism’ and, on the other hand, the disbursement of the yields from the Greek bonds held by the Eurosystem, subject to the implementation of reforms.

At the same time, discussions are under way on the type of post-programme supervision and specifically on the introduction of a ‘non-reversal’ clause for key reforms.

Will the Commission say:

Has there been any agreement on the other long-term debt relief measures mentioned in the Eurogroup decisions, such as an extension of the loans, interest rate cuts and grace periods?

What are the sectors of the Greek economy and administration that have not yet been adequately ‘reformed’ and, consequently, where there is a ‘need’ for new reforms after the end of the Memorandum?

Which ‘reforms’ and interventions will the non-reversal clause ‘protect’?

Original language of question: EL 
Last updated: 14 May 2018Legal notice