Greece exits ‘enhanced surveillance’ framework of EU

Greece Prime Minister, Kyriakos Mitsotakis has announced that it has exited the enhanced surveillance framework of European Union after 12 years.

Economic performance and policies of Greece have been monitored under the framework since 2018 to ensure it implemented reforms promised under three international bailouts.

Greece was badly hit with the pension cuts, spending constraint, tax increases and bank controls after it was forced to seek its first bailout in 2010.