Greece’s lenders return to Athens
The economic team of the government is optimistic for the return of Greece’s lenders, while according to sources the date of institutions’ arrival is set on Thursday or Friday.
Even though the return of the lenders will be determined at Eurogroup meeting on Monday, it is still unclear how and when the program review will be completed. The Greek government, though, appears willing to make a step back as far as its “red line” list is concerned regarding on insurance, financial and non-performing loans.
In case the program review concludes quickly, the Greek side expects the “gift” of ECB to accept Greek bonds so as banks could borrow cheaper and then negotiation talks on Greek debt would begin.
Sources do not rule out the possibility to complete the program review in phases and partial disburse the second tranche of the program, worth of 5.7 billion euros.
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