Eurogroup: The ESM Board of directors will approve the 2,8 billion trance to Greece in October

The Eurogroup welcomes the implementation by the Greek authorities of the set of 15 milestones in the context of the first review of the ESM program, according to written statement, following a two hour ministerial meeting.

According to the statement, the Eurogroup commends the Greek authorities for adopting the necessary further measures to reform the pension system and the energy sector, to strengthen bank governance, to fully establish the new independent Revenue Agency and to proceed with the privatisation programme. The Eurogroup also notes the further progress in the set-up of the Privatisation and Investment Fund – the Hellenic Corporation of Assets and Participations (HCAP).

Source: Cyprus News Agency