It is too early to say how Greece will meet its financing needs and discussions can only begin once a lenders’ mission returns to Athens, two EU officials said on Saturday, but a senior policymaker has said there was no cause for concern.
Prior to Greece’s elections, the previous government said its cash reserves would be exhausted by the end of July, and a report on Saturday suggested the European Central Bank could consider allowing Greece to delay a bond payment in August.
Citing EU officials, Bloomberg also said Greece might sell more three-month Treasury bills or seek bridge financing.
But one ECB source told Reuters that nothing could be discussed until a review of the country’s finances is underway by the “troika” lenders from the ECB, the EU and the International Monetary Fund that is due to go to Athens on July 24.
“It is premature to have a discussion about this before the troika team has even returned to Athens, we are still in a fact-finding stage at the moment,” said the source, who declined to be identified because of the sensitive nature of the talks.
Another EU official echoed that position, saying that while a solution would be found to ensure the new Greek government meets its obligations and does not run out of money, nothing had been decided at this stage.
(source: Bloomberg, Reuters)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
