Greece will likely remain under some kind of foreign supervision despite exiting its bailout program in August it has been claimed.
Head of the IMF, Christine Lagarde, told a German newspaper that creditors had a “legitimate interest” in monitoring Greece after pumping so much money into the crisis-hit country.
Greece has had to enact further painful reforms to meet creditors demands before essential financial support was released to Athens.
On Feb. 8 European Economic Affairs Commissioner Pierre Moscovici confirmed foreign supervision of Greece’s economy was likely to continue, even once it returned to international markets:
“As many of the program commitments will continue to apply for a long time after the end of the program, there is also a need for an appropriate form of post-program supervision,” he told the Athens-Macedonian News Agency.