Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
No breakthrough on debt talks at Eurogroup but June 21 goal remains
Supplemental MoU sets out path for maintaining fiscal sustainability
Growth strategy sets out reform targets, broad policies for post-MoU era
Debt relief talks enter final phase, with June 21 as target for deal
After unveiling growth plan, Athens has fourth review loose ends to tackle
Technical talks progress but debt relief, credit line continue to grate
Technical discussions between the creditors and the Greek government began in Athens on Monday against a backdrop of continuing disagreements over debt relief and whether Greece needs a precautionary credit line after the programme ends in August.
Monday’s meetings reportedly focussed on electronic auctions and the legal framework for selling NPLs. Tuesday’s meetings between the technical teams and Greek officials are expected to be centred on changes to the out-of-court workout and the so-called...
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