European Central Bank president Mario Draghi confirmed on Monday that Greece has little chance of being included in the QE programme.
Greece’s debt management agency, PDMA, issued a report on Wednesday in which it assesses the agreement reached on the June 21 Eurogroup concerning debt relief for the country.
During his visit to Athens on Tuesday, European Economic Affairs Commissioner Pierre Moscovici seemed to suggest that Greece might not have to implement the pension cuts that have been lined up for next year.
Two international bodies have made it to the second round of bidding for a 50.1 percent stake in Hellenic Petrol (HELPE) as progress continues on Greece’s privatisations.
Following a week of meetings with the Greek authorities and relevant ministries in the context of the regular consultations under Article IV, the IMF staff issued on Friday their concluding statement of this year’s mission.
The International Monetary Fund is due to wrap up its Article IV consultation meetings in Athens this week, but its debt sustainability analysis (DSA) will not be available for a few weeks yet.
Following the Eurogroup agreement early last Friday, the European Commission updated the compliance report of the fourth review to include the Debt Sustainability Analysis (DSA) put together by Greece’s European creditors.
Aside from marking the completion of Greece’s third and final European Stability Mechanism (ESM) programme, last Thursday’s Eurogroup also outlined the set of commitments that the Greek authorities will have to undertake so the complete set of reforms are successfully signed off.
After lengthy discussions in Luxembourg on Thursday, the Eurogroup arrived at a decision on significant debt relief for Greece that ticks many of the boxes the government had been hoping for but which will still leave Athens with a significant exposure to the International Monetary Fund.
Details of the post-programme framework that is set to be agreed at Thursday’s Eurogroup, ensuring that Greece meets its fiscal and reform targets in the future, have been published.