EU official: Second programme review should be concluded by the end of November

The second economic programme review should be concluded by the end of November so that final decisions on Greece can be taken by the Eurogroup on December 5, a senior EU official said on Friday in Brussels.

“It is ambitious, but feasible,” he stated adding that everything should have been settled by December 5, namely, the agreement on debt and a first agreement for IMF’s participation in the programme. However, he stressed that “if
it does not happen, it would not mean the end of the world. It would not be a disaster.”

The official noted that important efforts are needed in order to conclude the second review within 2016. “It is not easy as some issues need important political decisions, such as the labour market and the mid-term measures for 2017-2018.”

He also confirmed that the representatives of the institutions will return to Athens in around mid-November.