NEWS

All eyes turned to Euro Working Group teleconference meeting on Wednesday (04/05/2016)

All eyes turned to Euro Working Group teleconference meeting on Wednesday (04/05/2016)

All eyes are turned to the Euro Working Group teleconference meeting on Wednesday as it is considered to be critical for the outcome of the emergency Eurogroup meeting on May 9.

Greece will be represented by Alternate Finance Minister George Chouliarakis. The IMF will also participate in the meeting.

According to sources, the structure and legal form of the 3.6 billion euro contingent measures will be discussed at the Eurogroup meeting.

The heads of the institutions are expected to return to Athens to resume negotiations and decide upon the details of the contingent measures. Their aim will be a staff level agreement that will be approved by the May 24 Eurogroup and will mark the conclusion of the first program review and the disbursement of the 5.7 billion euro loan tranche.