Critical meeting for bailout review negotiations likely on Wednesday
The Eurogroup meeting for Wednesday 9 May is expected to be a critical point in the negotiations for the Greek bailout review, in light of the revised European forecasts for the economy that were published on Tuesday.
As such, a meeting between Eurogroup chief Jeroen Dijsselbloem, European Commission President Jean-Claude Juncker, IMF General Director Christine Lagarde along with the Finance Ministers of Greece Euclid Tsakalotos, Germany Wolfgang Schauble and France Michel Sapin may come before the Eurogroup meeting.
The main problem in the negotiations is the package of contingency measures demanded by the International Monetary Fund, should Greece fail to achieve its target for a primary surplus of 3.5% of the GDP in 2018.
Greek government sources have underlined that all sides are aware that it will be impossible for such a package of contingency measures to pass through Greek parliament and note that the talks at the Eurogroup on the debt will be linked to the automatic adjustment mechanism, which the Greek side has counter-proposed.
You may be interested
The U.S Pentagon confirmed images of UFO’s over navy shipsPanos - Apr 14, 2021
The Pentagon has confirmed that images and videos showing unidentified flying objects buzzing over Navy warships off the coast of…
Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 setsPanos - Apr 14, 2021
Fourth-seeded Stefanos Tsitsipas advanced to the final 16 of the Monte Carlo Masters in Monaco after defeating Russia’s Aslan Karatsev…
Johnson & Johnson vaccine suspended in the US after blood clot cases reportedPanos - Apr 14, 2021
The US federal health services are expected to request an immediate suspension of the Johnson & Johnson Covid-19 vaccine after…