Heads of Mission of the European Commission, the International Monetary Fund and the European Central Bank (the Troika) and the Greek authorities have reached tonight a satisfactory agreement on a set of measures to close the fiscal gap for the years 2011-2014.

The Troika and the Greek authorities have agreed on the Medium-Term Fiscal Strategy (MTFS). The Commission expects now that the MTFS is reflected in the new implementation law and translated into concrete legislative measures, also reflecting the privatisation plan.

The Commission is looking forward to the voting of both legislative bills next week in the Greek Parliament. These measures, once fully implemented, will enable Greece to meet the agreed targets and remain on track.