Programme
In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
In its compliance report for the first programme review, the European Commission (EC) included an updated debt sustainability analysis (DSA). This takes into account the milder recession and higher fiscal outcome in 2015 and lower bank capital needs.
First review completed but more prior actions lie ahead for Greece
Following the agreement reached at the Eurogroup Working Group (EWG) on Thursday, parts of the supplemental memorandum of understanding (MoU) were revealed over the weekend.
EWG clears 7.5 bln tranche for Greece in first step before disbursement
The Eurogroup Working Group (EWG) held in Helsinki on Thursday evening approved the implementation of the remaining prior actions by the Greek government and gave the first green light for the disbursement of the next tranche of 7.5 billion euros.
Government tables amendments with aim of securing bailout tranche within days
The government tabled in Parliament on Wednesday evening four amendments regarding most, but not all, of the pending prior actions required for the disbursement of the next bailout tranche of 7.5 billion euros.
Government faces tight schedule for amendments to bailout legislation
Greece has a matter of days to fulfil the remaining conditions set out by the Eurogroup last week before the disbursement of 7.5 billion euros of the second tranche under the European Stability Mechanism (ESM) programme totalling 10.3 billion.
Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
The Eurogroup welcomed early on Wednesday the adoption by the Greek government of most of the required prior actions for the conclusion of the first programme review.
IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
Ahead of the Eurogroup meeting on Tuesday, the International Monetary Fund published its preliminary debt sustainability analysis (DSA), which was distributed to its Executive Board but was neither discussed nor approved.
New rules on sale of NPLs come into play after approval of omnibus bill
The multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs).
Multi-bill tabled as Greece aims to take last step to completion of review
The government tabled in Parliament on Wednesday evening the multi-bill including the prior actions required for the conclusion the first programme review.
Eurozone sets out proposals for staggered debt relief for Greece
The Greek government was encouraged by the public references to debt relief following Monday’s Eurogroup in Brussels, although it was made clear that no real steps should be expected before the next gathering of eurozone finance ministers on May 24 and that any interventions would be spread over time.