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Athens: Greece’s Euro-partners will bless next bailout tranche

Greece’s lenders seem in general satisfied with the outcome of the multi-bill voting on Sunday night. The impact of voting to Greeks’ EU partners was immense. For example, one of the fierce critics of debt-ridden Greece, German Finance Minister Wolfgang Schaeuble immediately declared, he felt …relaxed.

German Finance Minister Wolfgang Schaeuble said today that he’s “relaxed” about the impact of Greece’s problems on the euro. “Financial markets meanwhile understand that the euro can’t go down the drain even if Greece is having problems,” he said in remarks to students in Berlin.

Significant reservation was however expressed by Eurogroup chief Jeroen Dijsselbloem. ““Greece is now working on returning to the capital market; they want to do that this year,” Dijsselbloem told Bloomberg. “This will of course be careful, with limited amounts, but it is important to wait for that and see how it goes.”

Eurogroup finance ministers are to meet in Athens tomorrow Tuesday in order to decide  on the amount and pace of Greece’s next aid payments.

“The speed of disbursements will be adjusted to the needs, but we will decide Tuesday,” Dijsselbloem said adding that the next bailout tranche due in May will be “a bit more than 8 billion euro.

Greece needs another infusion of money to avoid default in May, when it has to repay 12.5 billion euros ($17.2 billion) of government debt. The Mediterranean nation has faced repeated delays in accessing a 130 billion-euro bailout package, its second, and hasn’t received a payment since December. (Full story Bloomberg)

dijsselbloem

The Greeks did it! More or less….

PS and because the country’s lenders are satisfied, Greeks should not spoil their fun, therefore all demonstrations and protest actions are banned from downtown Athens on April 1st and 2nd 2014, when the ministers of Eurogroup and Ecofin will be meeting in Zappeion.

 

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