Negotiations between Greece and its lenders are to continue for a second day on Friday, with Athens hoping that a positive outcome at the Brussels Group could lead to the government’s liquidity crisis being overcome quickly.
Brussels Group talks are due to resume on Thursday, with a beefed up Greek team consisting of 18 officials from a range of ministries taking part in the negotiations and reports suggesting that Athens is now willing to back down from some of its “red lines.”
The Greek government is to present its reform multi-bill to the Euro Working Group on Wednesday in the hope that this will move Athens and its lenders closer to an agreement that would unlock further bailout funding.
In his first TV interview since becoming prime minister, Alexis Tsipras expressed his optimism regarding an agreement with lenders in the next couple of weeks but said that he would consider holding a referendum if the institutions force the government to cross some of its “red lines.”
Technical talks between Greece and its lenders are due to resume via a Brussels Group teleconference on Monday as the government seemingly searches for a way to reach an agreement with its lenders following a stormy Eurogroup on Friday.
The meeting between Greek Prime Minister Alexis Tsipras and German Chancellor in Brussels on Thursday appeared to confirm that there is a gradual, but not total, convergence between the institutions and Athens, which seems increasingly alarmed by its lack of liquidity.
Technical talks between Greece and its lenders have resumed, although there is hardly any chance of an agreement being reached before the end of the month.
The government has drawn up legislation that would force general government bodies, including municipalities and hospitals, to place their cash reserves with the Bank of Greece, which could allow the government to cover its debt obligations over the next few weeks.
More than 18 months after rapper Pavlos Fyssas was murdered by Golden Dawn member Giorgos Roupakias near Piraeus, the Neo-Nazi party’s leader, MPs and numerous members are going on trial.
Greece and its lenders are due to resume on Saturday negotiations aimed at agreeing a set of reforms that could unlock further funding but there are doubts about whether an agreement could be reached soon.