BRUSSELS: The EU handling of the Greek debt crisis successfully imposed reforms and avoided a catastrophic default by Greece, but failed in ensuring Athens could stand on its own feet financially, an EU auditor’s report said on Thursday.

“These programs promoted reform and avoided default by Greece. But the country’s ability to finance itself fully on the financial markets remains a challenge,” said Baudilio Tome Muguruza, the member of the European Court of Auditors responsible for the report.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details