Greece: Loans

(asked on 22nd March 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what reports he has received on progress made by Greece in implementing the conditions of the 2015 EU bailout package; and if he will press for steps to improve transparency and monitor use of the bailout funds.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 30th March 2016

While Greece remains in the euro, its financial stability is the responsibility of the euro area. The UK Government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. The UK is therefore not involved in the review of Greece’s euro area bailout package agreed in 2015.

Ministers and officials routinely meet with international counterparts to discuss economic and financial issues within the euro area and wider European Union, including ongoing financial assistance programmes.

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