Eurogroup Approves Greece's Reform Package

The Eurogroup gave the “green light” to the list of reforms presented by the Greek government with an official statement after the teleconference on Greece that lasted an hour. 

The statement underlined that the Eurogroup discussed the first list of reform measures presented by the Greek authorities, based on the current arrangement, which will be further specified and then agreed with the institutions at the latest by the end of April.

“The institutions provided us with their first view that they consider this list of measures to be sufficiently comprehensive to be a valid starting point for a successful conclusion of the review.

We, therefore, agreed to proceed with the national procedures with a view to reaching the final decision on the extension by up to four months of the current Master Financial Assistance Facility Agreement,” the Eurogroup noted. 

“We call on the Greek authorities to further develop and broaden the list of reform measures, based on the current arrangement, in close coordination with the institutions in order to allow for a speedy and successful conclusion of the review,” the eurozone also underlined.