ATHENS—Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a move that will allow the country greater freedom in making economic policy.
Greek economic developments and policy have been monitored under the framework since 2018, after Athens exited three international bailouts, totalling more than 260 billion euros, from the European Union and the IMF between 2010 and 2015.
“After 12 years … a difficult chapter for our country comes to a close,” said the minister, Christos Staikouras. “Greece returns to a European normality and will no longer be an exception in the eurozone.”
Athens has delivered on the bulk of policy commitments and reforms it promised and its Aug. 20 exit from the framework was confirmed by a letter from EU Commission Vice President Valdis Dombrovskis and Economy Commissioner Paolo Gentiloni, he added….