Return to markets does not signal end of supervision, Parl’t budget office says


Greece's plans to tap the international capital markets will not signal the end of foreign supervision for the debt-racked country, Parliament's State Budget office has said in its quarterly report.

"Tapping the markets does not mean the end of supervision, that is entering a situation without fiscal (and other) restrictions," the report said.

However, accessing the markets is a "legitimate goal" as it will lead to less severe monitoring and will pave the way for a lightening of Greece's debt, it said.

The report highlighted the return to growth last year, adding that the completion of the third review will further boost this recovery.

Even if all goes well, however, Greece will be bound by the fiscal restrictions that apply to all Eurozone member states, the report said.