Eurogroup convenes to debate Greek bailout problem review

24 May 2016
731 Views

The Eurogroup is scheduled to convene on Tuesday in order to discuss the Greek bailout program review, following the Greek government’s approval of a controversial prior actions omnibus bill on Sunday.

According to reports the European Commission submitted a draft compliance report at Monday’s Euro Working Group, with the final version expected after Tuesday’s Eurogroup.

Should the bailout review conclude successfully, the Greek government is expecting the European Central Bank to lift its waiver on Greek bonds, so that it may accept them as collateral. This decision, which is expected to take place at the next ECB board meeting in early June, will provide cheap funding for Greek banks.

You may be interested

The fastest train ever (600 km/ph) debuts in China (video)
GREECE
shares16 views
GREECE
shares16 views

The fastest train ever (600 km/ph) debuts in China (video)

Panos - Jul 26, 2021

A maglev bullet train that can reach speeds of 600 kilometers per hour (373 miles per hour) has made its…

UN Security Council blasts Erdogan over Cyprus
DEFENCE
shares24 views
DEFENCE
shares24 views

UN Security Council blasts Erdogan over Cyprus

Panos - Jul 26, 2021

Greece is pleased with the stance of the international community towards Turkish provocations against Cyprus and the decision to re-open…

UNESCO slams Turkey over conversion of Hagia Sophia into mosque
DEFENCE
shares14 views
DEFENCE
shares14 views

UNESCO slams Turkey over conversion of Hagia Sophia into mosque

Panos - Jul 26, 2021

The UNESCO World Heritage Committee issued a statement about over Turkey’s decision to turn the world monuments of Hagia Sophia…

Leave a Comment

Your email address will not be published.