Eurogroup leaves Greece in limbo, with liquidity drying up

PoliticsGreek Politics Tags: European Union
Photo by EU Council Eurozone https://flic.kr/p/sspzHv
Photo by EU Council Eurozone https://flic.kr/p/sspzHv

Monday’s Eurogroup produced a lukewarm statement on the state of Greece’s negotiations with its lenders that Athens hopes will be enough to avert any decision from the European Central Bank that would further restrict liquidity to local lenders but which is unlikely to suffice for Frankfurt to lift the T-Bill cap for the Greek state and banks.

In its statement, the Eurogroup welcomed the "progress that has been achieved so far" in negotiations but said that "more time and effort are needed to bridge the gaps" between Greece and its lenders. A few days before the meeting of eurozone finance mi...

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