Debt relief for Greece will be looked into at the next Eurogroup meeting on 22 May, according to Jeroen Dijsselbloem. The president of the informal body of the eurozone's finance ministers made the announcement during a plenary debate in Parliament.
Dijsselbloem attended a plenary debate on the second review of the economic adjustment programme for the country. The Eurogroup president said debt relief was a possibility: "Last year we gave that commitment to come back to this issue of [debt] sustainability for Greece because that’s the only way they will come back on a sustainable path and a sustainable economic future."
Economics commissioner Pierre Moscovici, who also took part in the debate, added: “The Commission will continue to support efforts to make Greek debt more sustainable. We believe it’s necessary and possible."
Greece is currently in the middle of its third bailout programme since the financial crisis. On 2 May, Greece reached a preliminary technical agreement with its creditors, which means the country is set to have the next tranche of funding approved in time for its next debt repayments of €6 billion in July.
Greece’s primary budget surplus, an important indicator of the country’s public finances, increased to 3.9% last year, beating all the creditors’ targets, according to data from Elstat, the national statistics service. [...]
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