Staff teams from the European
Commission (EC), European Central Bank (ECB) and International Monetary
Fund (IMF) concluded today a visit to Greece to discuss with the new
authorities the economic policies needed to restore growth and
competitiveness, secure a sustainable fiscal position, and underpin
confidence in the financial system in line with the objectives of the
economic adjustment program that is being supported by the three
institutions. The discussions on the implementation of the program were
productive and there was overall agreement on the need to strengthen
policy efforts to achieve its objectives.
The Greek authorities are committed to proceeding with determination
in their work over the next month, and the EC/ECB/IMF staff teams expect
to return to Athens in early September to continue the discussions.
