Programme
Greece submits proposals to lenders in hope of paving way for agreement
The Greek government sent to the institutions on Thursday evening its final proposal including prior actions that will complement the request for a new 3-year programme from the European Stability Mechanism (ESM).
Greece seeks 3-year programme that could exceed 65 bln
Greece officially requested on Wednesday a new 3-year programme from the European Stability Mechanism (ESM) and is expected to send to the institutions a detailed reform and measure agenda on Thursday.
Greece sends request for 3-year ESM programme, reform proposals to come
As agreed at Tuesday’s Eurogroup, the new Greek Finance Minister Euclid Tsakalotos sent a letter on Wednesday to the European Stability Mechanism (ESM) officially requesting a new 3-year programme.
IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
The IMF published today the preliminary Debt Sustainability Analysis (DSA) that has not, however, been agreed with the other institutions nor approved by its Executive Board.
Greek government's proposals to bridge gap with lenders appear to fall short
Along with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new 2-year loan from the ESM and extension of the second bailout programme for a short period, the government sent also a 2-page letter to the heads of the institutions.
Referendum call stretches state liquidity, pensioners first to bear the brunt
The imposition of capital controls accompanied by a bank holiday for 6 working days starting from June 29 until July 6 had a series of negative repercussions on the life of Greek citizens and the economy.
Where the key differences between Greece and the institutions lie
The Greek government’s negotiations with lenders broke up after Prime Minister Alexis Tsipras announced a referendum on Friday evening.
The lenders proposals on debt and funding needs that Greeks will vote on in referendum
Greek Parliament has published (in Greek) the preliminary debt sustainability analysis (DSA) as well as another document with Greece’s financing needs and timetable of disbursements that accompanied the institutions proposal to Athens on June 25.
How big is the gap separating Greece and the institutions?
The document with the prior actions proposed by lenders that was leaked on Wednesday revealed significant differences and deviations from the latest Greek proposal, which suggests the two sides have a huge task on Thursday to bridge their gaps.
As Greek deadline looms, this is how the next days could play out
The Greek Prime Minister Alexis Tsipras meets with the European Commission President Jean Claude Juncker, the ECB President Mario Draghi and the IMF Managing Director Christine Lagarde in Brussels at noon in a last-ditch effort to bridge the differences that still remain between Greece and the institutions.