articles | 27 October 2016

Eurozone ministers to discuss Cyprus' post-programme surveillance

Eurozone ministers on November 7 2016 will be informed on the findings of the first post-programme surveillance mission to Cyprus, which took place at the end of September this year.

The 19 eurozone members will be also briefed on the preliminary results of a recent review mission to Athens in the context of the ongoing second review of Greece’s financial assistance programme, including report on the technical assistance provided to the Greek authorities to date by the European Commission’s structural reform support service (SRSS).

The Eurogroup will also hear a presentation by Danièle Nouy, the Chair of the European Central Bank`s Supervisory Board, on Single Supervisory Mechanism (SSM) activities since April 2016. Rightafter that, chair of the Single Resolution Board, Elke König, will inform the Eurogroup on the Board’s activities to date. These presentations are held regularly every year.

Ministers will hold a follow-up discussion on national insolvency frameworks.  The European Central Bank will inform the Council of their assessment of recent inflation developments in the euro area.

Source: Cyprus Mail

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