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FinMin Tsakalotos after Eurogroup meeting: Greece is turning the page

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There is wide consensus that Greece is turning the page, Finance Minister Euclid Tsakalotos said in Brussels late on Monday, following the conclusion of the Eurogroup meeting that saw the approval of the staff-level agreement (SLA) for the third review of the Greek program.

“It was a very good meeting for Greece during the first session of today’s Eurogroup, because all institutions made very positive comments for the fast approval of the SLA with the institutions,” Tsakalotos said about Greece and its lenders.

“It was also a very good meeting because Klaus Regling, the head of the European Stability Mechanism, announced the results of the short-term measures for the debt and stated clearly that it was an improvement on expectations, as the reduction of the debt by 2060 will have reached 25 pct of the debt-to-GDP ratio, instead of the 20 pct assessed originally,” he noted. (Earlier, Regling had released a statement saying that the short-term debt relief measures for Greece over the course of 2017 have been successfully implemented.)

The Finance minister added, “Overall, it was a very good session; a lot remains to be done, but Greece is now turning the page, and it is even more significant that there is wide consensus that this is
happening.” He added that he expects “an even better meeting on January 22.”

In other comments, Tsakalotos hailed the election of his Portuguese counterpart in the presidency of the Eurogroup, and wished him the best. Mario Centeno, he said, will be very successful and enjoys wide support in the Eurogroup.

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