The European Union’s budget watchdog announced Wednesday that it is winding up years of surveillance of Greek government spending. The move marks a formal end to a major crisis that threatened to see Greece ejected from the euro single currency group, imposed severe hardship on its citizens and roiled global financial markets.
The European Commission, which supervises the budgets of the 27 EU member countries, said it will end its “enhanced surveillance” program on Aug. 20, noting that “Greece has delivered on the bulk of the policy commitments” made to its partners in the 19-country euro area.
