Greek officials and representatives of institutional lenders’ on Tuesday evening held yet another late-night teleconference meeting in an effort to bridge remaining differences, even in the wake of a Eurogroup “green light” last week to disburse up to 10.3 billion euros in loans for Greek state coffers.
Greek officials and representatives of institutional lenders’ on Tuesday evening held yet another late-night teleconference meeting in an effort to bridge remaining differences, even in the wake of a Eurogroup “green light” last week to disburse up to 10.3 billion euros in loans for Greek state coffers.
At last word, the Greek side was reportedly committed to submitting a handful of amendments to Parliament for ratification, in a bid to cover creditors' post-Eurogroup demands. If approved, the stage is set for a ECB board of directors meeting on Thursday, which is expected to open the way for the first of two tranches of the loan, 7.5 billion euros. Without any remaining obstacles, the ECB may also restore a waiver on Greek bonds used as collateral and even include Greek bond issues in its QE program.
In a bid to allay concerns of stalled talks and a disbursement of funds, the Commission on Tuesday referred to negotiations over the “details” of prior actions linked with the first review of the Greek program (third bailout). According to a Commission spokeswoman, contacts with the Greek side are ongoing, on all levels, following the May 24 Eurogroup decision.