ESM approved the Supplemental MoU with Greece

Thursday, July 6th, 2017
Last Update: 09:08
ESM’s Board of Governors (which comprises the finance ministers of the ESM Members) approved on 5 July the Supplemental MoU with Greece (a document updating the reform commitments undertaken by the Greek Government in the original MoU signed in August 2015) in a meeting via teleconference; this follows the conclusion of the 2nd review of the ESM programme for Greece.The ESM Governors also discussed some outstanding issues related to pending legal cases affecting TAIPED (Hellenic Republic Asset Development Fund) experts and ELSTAT officials, as well as the state of play of IMF prior actions. The Governors encouraged the Greek government to resolve the pending issues swiftly. This would pave the way for the approval of the third tranche of ESM financial assistance to Greece of €8.5bn by the ESM Board of Directors.

Finally the ESM MD rescheduled the teleconference meeting of the Board of Directors (which comprises deputy finance ministers and other high finance ministry officials of the ESM Members), initially planned for yesterday, to Friday, 7 July.

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