Crucial Eurogroup meeting in Brussels ends. New meeting on Sunday

A crucial Eurogroup meeting that will decide if the negotiations for a new support programme to Greece will start was underway in Brussels and ended shorty after 1 a.m. International Monetary Fund (IMF) chief Christine Lagarde stated on Saturday upon her arrival to the Eurogroup meeting that she hopes that there will be progress on Greece’s issue today.

Greece’s eurozone partners asked it to vote for prior actions immediately, to adopt further measures and to add more detail to existing ones at Saturday’s Eurogroup, sources have told Kathimerini.

Finance Minister Euclid Tsakalotos encountered skepticism from some of his counterparts, who expressed concern about whether the government could be trusted to implement the measures that would accompany a third bailout.

A representative of the institutions said that the discussion is centred around a three-year program worth more than 80 billion euros.

A number of states expressed their desire that the International Monetary Fund should be part of any new programme and that the Greek government should start legislating measures straight away.

Sources also said that European Central Bank president Mario Draghi expressed concern during the talks about the systemic risk that would be caused by Greece not paying a 3.7-billion-euro bond held by the ECB when it matures on July 20.

German Finance Minister Wolfgang Schaeuble is thought to have played down the risk.

ANA-MPA, ekathimerini.com

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