Altafaj said a delay is necessary to complete technical work based on a report by the "troika" representatives. The EU spokesman said the Eurogroup has repeatedly proved it was flexible and capable of taking decisions “at any time and in various compositions”.
He stressed that a “significant progress” was made in talks between the Greek government and the troika and noted that the main challenges ahead were fiscal deviation for 2011 and 2012, implementing structural reforms such as opening up closed professions and privatizations. Altafaj said that agreed fiscal targets have not changed and a strict implementation of recently announced measures was necessary.
He stressed that the Commission was open to recommendations over strengthening the measures aimed at ensuring stability in the Eurozone, underlining however that the EU executive will not participate in any premature scenarios.