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Euro-area ministers of finance convene for a regular meeting.
The Eurogroup will be informed about the preliminary agreement reached on 2 May between Greece and the institutions (the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund) on a new set of policy reforms in the context of Greece's economic adjustment programme, financed by the European Stability Mechanism.
The agreement is one of the steps towards completing the ongoing second review of the programme and paving the way for the next disbursement of financial assistance to Greece by the European Stability Mechanism.
The Eurogroup will also discuss Greece's medium-term (from 2018 onwards) fiscal targets and the issues related to the sustainability of the country's public debt.Economic situation in the euro area
The Eurogroup will be briefed on the main findings of the 7th post-programme surveillance mission to Spain which took place on 24-26 April 2017.
The aim of post-programme surveillance is to assess whether there is any risk that the country may not be able to repay the loans it received under the programme.
Such surveillance stops when the country has repaid at least 75% of the loan.
Spain started a financial assistance programme, supported by the European Stability Mechanism, to recapitalise its financial institutions in July 2012 and completed it successfully in 18 months.
Name: Michel Reijns
Organization: Eurogroup President Spokesperson