The informal Eurogroup meeting in Milan on Friday is evaluating the progress made in the implementation of the Greek program. The meeting is being held following the government’s preliminary discussions with troika in Paris ahead of Athens talks in September.
A senior Eurozone source said that the discussions include a focus on the sustainability of Greek public debt, however he said that the most important negotiations are to be held following the evaluation of the Greek economy. Greece’s debt sustainability is linked to its fiscal performance in 2015. He said that member states are required to present their draft budgets for the coming year to the European Commission that will then be evaluated by EC officials by the end of October.
In Milan, Hardouvelis is expected to give his European counterparts Greece’s assurances that the country will live up to commitments stipulated in the bailout agreement.
Officials are also expected to discuss Cyprus and its loan program commitments.
