Answer given by Mr Rehn on behalf of the Commission
The Greek Government accounts are monitored by the EU institutions in the context of Stability and Growth Pact. This involves the regular reporting of government accounts and forecasts by Greece, analysis and validation of fiscal statistics by Eurostat, and submission of stability programmes and quarterly reports to the Council and Commission by the Greek Government, which are then properly assessed. Moreover, the Greek fiscal accounts are continuously monitored by the Commission, the European Central Bank (ECB) and the International Monetary Fund in the context of economic adjustment programme. Frequent missions are organised by the three institutions with a quarterly report delivered by the Commission, in liaison with the ECB, prior to the Member States' decision on the release of each tranche of the bilateral loans. This monitoring embraces not only the fiscal accounts, but also the financial sector and structural reforms. In the quarterly reports, the Commission regularly provides information on the stock of deposits in Greek banks. This stock has been declining as households smooth consumption in a recessive environment and firms struggle to get credit form banks, but there are also indications of capital flight.
The Commission does not possess information on financial transfers from Greece to Caribbean Islands.