Greece is expected to formally exit post-bailout surveillance by the European Commission as early as this fall, ending y...

Greece is expected to formally exit post-bailout surveillance by the European Commission as early as this fall, ending years of economic oversight that followed its debt crisis programs. Brussels has put forward a proposal that would allow bailout countries to leave post-program surveillance before repaying 75% of the assistance they received. European sources say the Commission is leaning toward including Greece in the first wave of exits, rather than leaving it waiting alone until next summer to meet that threshold on its own. Two recent developments are strengthening Greece's case. Last month Greece exited the EU's macroeconomic imbalance regime under the European Semester framework, a step four other European countries have still not taken. The appointment of Kyriakos Pierrakakis as Eurogroup president is also seen as a boost to Greece's standing within EU institutions. Sources familiar with the process note that post-program surveillance has become largely procedural in recent years, with little practical impact on day-to-day economic policy. Still, the formal exit would carry symbolic and institutional weight, representing a clean break from the crisis-era monitoring framework that has followed Greece for well over a decade. The Commission is expected to formally signal the shift this fall, at which point Greece would join the other former bailout countries in fully normalized status within EU economic governance. #Greece #Economy #EU