EC, ESM, ECB, IMF: Preliminary agreement on the second programme review

he ECB and ESM announced on Tuesday that they signed a preliminary agreement on the conclusion of the second programme review.

“Staff teams from the EC, ESM, ECB and the IMF have reached a preliminary agreement with the Greek authorities on a policy package to support the recovery in Greece, and which will be the basis for concluding the 2nd review of the ESM stability support programme. The Greek authorities have confirmed their intention to swiftly implement this policy package. This preliminary agreement will now be complemented by further discussions in the coming weeks on a credible strategy for ensuring that Greece’s debt is sustainable,” according to the announcement.