Last Update: 09:23
As per the statements made by the involved parties over the long weekend, Greece and its creditors have reached a preliminary agreement as it pertains to the requirements to completing the long due 2nd review.
Nevertheless, there’s an extraordinary EWG scheduled for today, whereby officials will go over the agreement from the Eurozone members side, as they are ultimately the ones, through the Eurogroup, that provide the green light for any funds to be disbursed.
We are currently looking for a provision of a timeline of events with regards not only for fund disbursement but this time round, the EWG may also offer a glimpse of what lies ahead with regards to any debt discussion, as per a press report this morning on capital.gr.
There’s a regular EWG scheduled for the 15th of May ahead of the May 22nd Eurogroup, as well as a probable meeting of the so called “Washington Group” on the sidelines of the G7 finance minister meeting (May 11-13th) in Italy, which according to press will discuss the prospect of taking on initiatives improve Greek debt sustainability.