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The European Commission informed the Eurogroup on the main findings of the 2nd enhanced surveillance mission to Greece.
The Commission adopted a decision on 11 July to activate the enhanced surveillance framework for Greece, which entered into force following the end of the ESM programme, in August 2018.
The quarterly enhanced surveillance reports enable close monitoring of the economic, fiscal and financial situation and the post programme policy commitments, as agreed by the June 2018 Eurogroup.
The Eurogroup today discussed the very good progress Greece made with reforms. If all commitments are met, we will consider in April further implementation of agreed debt relief measures.
Eurogroup President Mário Centeno
Thematic discussion on growth and jobs - housing markets
The Eurogroup discussed the housing markets in the eurozone on the basis of a technical note by the Commission and an oral presentation by Professor Lars E.O. Svensson, Professor of Economics at the Stockholm School of Economics and former Deputy Governor of the Sveriges Riksbank.
Housing markets developments are of key relevance for macroeconomic stability, and thus for the economic resilience of the Economic and Monetary Union (EMU).
Budgetary instrument - focus on the expenditure side
Following the mandate received by EU leaders at the 14 December Euro Summit, the Eurogroup in inclusive format continued to discuss the deepening of the Economic and Monetary Union.
Ministers exchanged views on the features of the budgetary instrument for convergence and competitiveness for the euro area, and European Exchange Rate Mechanism (ERM II) member states on a voluntary basis, with a focus on expenditure related aspects.
There is broad agreement that this tool should support both structural reforms and public investment. This, in line with priorities and challenges identified in the European Semester.
Eurogroup President Mário Centeno
The Eurogroup today discussed the very good progress Greece made with reforms. If all commitments are met, we will consider in April further implementation of agreed debt relief measures.
