Troika agreement after the Eurogroup

Troika agreement after the Eurogroup

 

Yannis Stournaras will travel to Dublin for the Eurogroup Thursday without the agreement with troika. As a member of the Finance Ministry said after the meeting with troika Tuesday “there are still many outstanding issues. They will not close until Friday. The public sector remains a problem, that’s why we called Manitaki the meeting as well.”

The attempt to bridge the gap will continue today at 12 pm, in Stournaras’ new meeting with troika. As it seems, however, the possibility for an immediate disbursement of the 2.8 billion euros tranche is getting slimmer, and it will be tranfered for May with the one of 6 billion. Thus, the Greek government will once again find itself again counting until the last minute the cash reserves of the State to see if the tranches that are to be approved by the Eurogroup on May 13 will come early, if all goes well, in order to pay 5.6 billion in bonds from the ECB and other central banks.