Greece broadly on monitor with fiscal targets: EU's Dombrovskis

European Commission Vice-President Valdis Dombrovskis addresses a news conference at the EU Commission headquarters in Brussels,

DP NEWS (EUROPE) Greece is broadly on monitor to satisfy this 12 months’s fiscal targets agreed with its euro zone collectors and its major surplus purpose for subsequent 12 months can be inside attain, European Fee Vice President Valdis Dombrovskis stated. Greece is financing itself from euro zone loans below its third bailout cope with the one forex space and to get subsequent tranches, it wants to indicate it’s implementing agreed reforms below a course of known as a evaluation. “I might say (Greece) is broadly on monitor,” Dombrovskis advised reporters earlier than a euro zone finance ministers’ assembly the place Greece will likely be mentioned. “As regards Greece’s fiscal efficiency, we see that they’re more likely to meet this 12 months’s fiscal targets and in addition the preparations for subsequent 12 months’s funds present that the first surplus goal, as outlined within the Memorandum of Understanding — 1.75 % of GDP — is inside attain,” he stated.

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