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Juncker: Greece has basically achieved its targets

He appears optimistic regarding the progress of Greek economy

Newsroom May 8 12:34

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Greece has “basically achieved” the objectives of the reforms required by its lenders to begin debate on possible Greek debt relief, said European Commission head Jean-Claude Juncker.

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“We are now at the time of the first review of the programme (to aid Greece) and the objectives have been basically achieved,” Juncker said in an interview with Funke Mediengruppe newspapers.

The Eurogroup is set to meet on Monday in Brussels and evaluate the progress on reforms by the Athens government as it hopes to unlock the next tranche. They will also “start the first discussions about how to make Greece’s debt sustainable in the long term”, Juncker told the German papers.

As the Guardian mentions, approval of the reforms is needed before any consideration of Greek debt relief. But, despite months of talks, Greece’s reforms have not yet win the support of its lenders largely due to differences between the European Union and the International Monetary Fund, which has demanded more reforms.

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