Positive first post-surveillance report means disbursement of last tranche of profits from Greek state bonds

Progress, but heightened challenges in certain sectors due to inflationary pressure – such as banking – is cited by the EU’s first post-surveillance report of the Greek economy.

The report also provides the “green light” for the disbursement of a final tranche of profits amassed from Greek state bonds held by the ECB and individual eurozone central bank.

A highlight of the report, and one that is expected to bring smiles in Athens, is a reference that the thrice-bailed out country has met its commitments to promote and enact reforms.

Among others, progress is cited for several sectors, and in terms of meeting 22 milestones, while more efforts are needed to fully meet goals. The most significant commitments met, according to the report, deal with fiscal policy, tax administration, the court system, the long-overdue land cadastre and privatizations.