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The Bank of Greece is expected to take its first position on the results of the Eurogroup agreement and on the sustainability of Greek debt. Up to now, the central bank, which had contradicted the government for the need for a preventive support line but who had welcomed the creation of a safety cushion and stressed the need for Substantial measures of debt relief, avoided commenting.
This report will be released tomorrow and everyone looks forward to what she will say. Their first conclusions were announced by both Europeans and the International Monetary Fund. The latter insists that, despite the sustainability of medium-term debt, the challenges persist in the long term and most likely require additional relief measures. He challenges overly optimistic estimates of growth and high primary surpluses and calls for policy-mix modification. It will be very useful to see how the Bank of Greece is in all of this.
The last steps to exit the program, but also what awaits the country the day after August 21, will be on the table tomorrow at the meeting of the EuroWorking Group and at the meetings of the Commissioner for Economic Affairs, Pierre Moscovici. They will also discuss the IMF's attitude.
Criticism is the preparation of the Eurogroup on July 12, which should give the green light to the disbursement of 15 billion euros.
All of the above developments will affect the climate and the bond market, which has been moderately optimistic as a result of the country's lender upgrades.
naftemporiki.gr
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