BRUSSELS (Sputnik) — On Monday, the Eurogroup discussed again the sustainability of Greek public debt with the objective to regain market access.
"In this context, the Eurogroup endorsed today the full set of short-term measures on the basis of proposals by the ESM [European Stability Mechanism] and preparatory work by the EWG [Eurogroup Working Group], which will be implemented by the ESM following this meeting," the statement reads.
Earlier in the day, Eurozone finance ministers held a meeting in Brussels to discuss budgetary situation and consider debt-related measures for Greece depending on the results of the second review of the economic adjustment program for the country.
"The Eurogroup welcomes the progress that has been made in reaching full staff-level agreement between Greece and the institutions in the context of the second review of the ESM programme," the statement said.
The implementation of these measures may start despite the ongoing second review of the economic adjustment program for the country, according to the statement.
In October, eurozone finance ministers unlocked a $1.2 billion installment of the bailout after the completion of the first review of Greek reforms. Another $3 billion were unlocked in late October.
The ESM is an international financial institution set up in 2012 to provide financial assistance to the eurozone.