The Greek government seems intent on trying to forge a better deal with its lenders than the one proposed at the May 22 Eurogroup, with access to the European Central Bank’s QE scheme perhaps holding the key to an agreement at the next gathering of eurozone finance ministers on June 15.
Questions have been raised about whether the Cyprus talks have any future following a surprise move by the UN special advisor Espen Barth Eide last Friday.
The terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday drew attention away from Monday’s Eurogroup, but discussions continue in the background.
Prime Minister Alexis Tsipras gave mixed messages on Wednesday about what kind of proposal he might accept at the June 15 Eurogroup.
The failure of Greece's lenders to reach a deal at Monday's Eurogroup has sparked doubts about whether Athens will be offered any restructuring plan at this stage of the negotiations.
Monday’s Eurogroup ended without an agreement on debt relief for Greece, with a possible decision being put back to the next gathering of eurozone finance ministers on June 15.
Greece goes into Monday’s Eurogroup without any certainty that its lenders will arrive at a common position on how to put its public debt on a sustainable path.
The multi-bill of measures agreed between the Greek government and its lenders passed through Parliament in Athens on Thursday night with the support of all 153 coalition MPs.
The National Council on Foreign Policy (ESEP) convened on Wednesday for a briefing regarding Greece’s energy plans.
Prime Minister Alexis Tsipras appears upbeat that an agreement on debt relief will be secured at Monday’s Eurogroup, although this was not backed up by officials on the lenders’ side.