Tuesday’s Eurowoking Group is unlikely to approve the release of a two billion euro bailout tranche to Greece, real.gr reports citing sources close to the ongoing negotiations.
The Greek government and its international creditors were unable to bridge the differences that separate them during negotiations over the weekend in Athens. The contentious issues of foreclosures on primary residencies and non-performing loans are still hindering an agreement.
Real’s sources claim that there will be significant convergence on these matters by Tuesday’s Euroworking Group with the goal being for the Greek government to legislate the new agreements by Friday. A new Euroworking Group would then greenlight the disbursement of the funds
Negotiations also yielded progress and agreements on other fronts, such as legislation concerning the Hellenic Financial Stability Fund (HFSF), which will receive up to 10 billion euros for bank recapitalization purposes, and changes in Greek banks’ management, something that is attached to the recapitalization.
Creditor representatives and members of the Greek government are currently in a meeting in Athens.
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