Programme
Eurogroup confirms third review almost done but e-auctions still a concern
Monday’s Eurogroup did not bring down the curtain on the third review as Greece’s lenders are waiting for the completion of two more prior actions.
Some loose ends ahead of Eurogroup, questions remain over IMF's role
The Greek government goes into Monday’s Eurogroup, which will be accompanied by a meeting of the European Stability Mechanism’s (ESM) board of directors, with three prior actions remaining and doubts over whether the green light for the disbursement of the next loan tranche will be granted.
Athens facing final steps in third review as next milestones identified
The countdown to next Monday’s Eurogroup, where the third review is due to be officially completed has begun following last week’s visit to Athens by European Economic Affairs Commissioner Pierre Moscovici, who also set out the key milestones for the months ahead.
Moscovici upbeat in Athens, highlights elements needed for programme exit
European Economic Affairs Commissioner Pierre Moscovici had several messages to deliver during his visit to Athens, which focussed mostly on what needs to happen over the next few months to ensure that Greece completes the third programme without any problems.
Greece issues 7-year bond, moves closer to wrapping up third review
Following a small delay due to the turmoil in international markets earlier in the week, Greece opened on Thursday the book of offers for a syndicated seven-year bond.
Athens puts off bond sale, has fiscal concerns to address
Greek authorities decided on Tuesday to put off plans to begin the book-building process for the 7-year bond that Athens wants to issue due to volatility on the international markets.
Greece prepares for bond issue, looks to pave way for programme exit
Greece is expected to announce the start of the book-building process for a new 7-year bond this week as it also looks to provide greater clarity on debt relief measures and the post-programme scheme the that government is working on.
Athens prepares for bond issue, eurozone works on growth/debt mechanism
An imminent bond issue by the Greek government is set to attract the immediate attention of local and international observers but discussions are continuing in the background regarding the method of the country’s exit from the third programme and what will follow.
IMF sticks to reform, debt relief demands as programme role remains in doubt
A meeting between Prime Minister Alexis Tsipras and the International Monetary Fund’s managing director Christine Lagarde at the sidelines of the World Economic Forum in Davos on Thursday has rekindled interest in what stance the IMF will take regarding the Greek programme.
Brussels sets out guide for post-MoU financing needs, cash buffer
The European Commission’s compliance report dedicates a section to Greece’s financing needs until this August, when the current programme runs its course, and the use of available financing for the post-programme period.