BRUSSELS (ANA/ C. Vasilaki) There was "excellent news" regarding Greece, whose government had made a "huge effort" to implement all the prior actions needed to complete the third review and shown "strong ownership" of the reforms, Eurogroup President Mario Centeno said after the Eurozone finance ministers' meeting on Monday.
"The ball is now in our court," he said in a press conference on the Eurogroup's results, noting that Greece had implemented all but two of the 110 prior actions required to complete the third review, neither of which was in the hands of the Greek government for its implementation.
As soon as the institutions confirmed the implementation of the last prior actions, Centeno added, national procedures for approving the disbursement of a loan tranche of 5.7 billion euros will begin. He also noted that it was time to move on to the next stage, pointing out that staff-level talks on easing Greece's debt have already begun.
In a post on his Twitter account, the Eurogroup president had reiterated that there was good news on Greece while noting the need to continue reforms after the programme.
"Good news on #Greece. They acted on all agreed measures & #eurogroup is now turning to the final review of the #ESM programme. The reform agenda should outlive the programme," he said.