Eurogroup approves SMP and ANFA profit release, decision on investment use postponed
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
Focus shifts to DSA, fiscal targets after IMF loan prepayment
Despite differing views IMF and EC see no immediate debt sustainability concerns
Brussels gives Athens thumbs-up for reforms and budget
IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
Lenders set out post-MoU reform tasks ahead for Athens
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.
Additionally, two of the measures for debt relief that Greece’s lenders have pledged - the abolition of the step-up interest margin on the funds that were made available for the debt buyback in 2012 and the semi-annual return of the SMP and ANFA profits...
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