Processes on Greek debt start in Eurogroup of 5th May

After updating the primary surplus of Greece in 2013 by Eurostat, the official said that now the negotiating for the Greek debt relief could begin. This will happen in the next evaluation, in summer, as he noted stressing that the Eurogroup of May 5th will ask the working group of the eurozone to initiate the relevant technical processes. The official added that the issue is expected to come in the Eurogroup on May 5 by the Greek Minister of Finance, who will ask the eurozone countries to honor commitments made to Greece in November 2012. Moreover, the official mentioned the eurozone economic development plan 2014-2021 of the Greek government that was presented at the Euroworking Group, as he welcomed the initiative of Greece, which wanted to design its own development strategy for the coming years.

One strategy, as he added, is based on increasing investment in small and medium enterprises and infrastructure. As he said, the investment programs will involve the public and private sector, and the eurozone countries, while special interest is expressed by Germany, which intends to help through the German investment bank KFW. Finally, the official said that the Euroworking Group, which met in Brussels, approved the next tranche of loans to Greece totaling 6.3 billion euros that will be released next week. He reminded that there are still two smaller doses of 1 billion euros each in June and July, the disbursement of which is connected with the implementation of prerequisite actions.