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GreekReporter.comGreek NewsEconomyCritical Dates for Greece's Financing Set in the European Summit

Critical Dates for Greece's Financing Set in the European Summit

lemondeFrench newspaper Le Monde published a very informative article, regarding Greece’s financing until the end of August. In a detailed table the newspaper presented what was discussed in the Summit between seven European leaders, noting the most critical dates that will determine Greece’s financing.
On April 1, the ECB will provide urgent liquidity to Greek banks, on April 15 the ECB will decide on its monetary policy and on May 6 the ECB will provide liquidity to Greek banks. Furthermore, there will be two Eurogroup meetings, on May 11 and June 15, while on June 30 the 4-month Greek bailout program extension will come to an end. Finally, between July 20 and August 20 the ECB will buy 7 billion euros in Greek bonds.
According to the French article, during yesterday’s meeting Greece committed to presenting a complete list of reforms to European partners over the coming days, in order to receive the money that is urgently needed to avoid the economic asphyxiation.
The European institutions noted that there has been very little progress on the critical issue of Greece’s financing, while they also stressed that the country would be presenting a “specific list of reforms and commitments.” This decision brought the country’s bailout program and the continuation of reforms back on track, said the Greek Prime Minister Alexis Tsipras, who requested the meeting in order to present his position.

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