ECONOMY

ECB says Greece’s reform list a ‘valid starting point’

The European Central Bank said Tuesday the reforms drawn up by Greece in return for a bailout extension were a «valid starting point» for talks, but that they differed in a number of areas from the existing programme.

“Our initial impression is that the document covers a wide range of reform areas and in this sense, it is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review,» ECB president Mario Draghi wrote in a letter addressed to Eurogroup chief Jeroen Dijsselbloem.

But he added: «We note that the commitments outlined by the authorities differ from existing programme commitments in a number of areas.”

[AFP]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.