Will next Eurogroup approve a €4.9-billion financial injection to Greece ?

What??? The next Eurogroup meeting could allegedly give Greece a financial injection of 4.9 billion euro, provided a political decision is reached. According to exclusive information by Greek To Vima newspaper, the extraordinary Eurogroup meeting of next Friday or Monday would to take a decision and give Greece what belongs to Greece.

Citing sources from the banking sector, To VIMA reports that:

The package totaling 4.9 billion euros is comprised of

a) €1.9 billion from the SMPs, namely the profits which the ECB and other Eurozone central banks gained from Greek bonds in the past.

b) €1.2 billion euros will come from the ESM via the unused amount for “bank resolution”.

c) €1.8 billion will be made available from the EFSF, namely the final tranche from the old program. However this amount requires an agreement over the reforms and completion of the review, and this is something it will not take place before the end of April.

The first two injections totaling “€3.1 billion are not bound to implementation of any austerity measures of as foreseen by the previous bailout program and will help Greece to cover its April needs,” notes To Vima.

At the the Mini EU leaders Summit last Thursday, Greece had agreed to submit to the Institutions – ex Troika- and the Eurogroup a full list of planned reforms including the cost of each one.

The list is to be submitted by upcoming Friday, March 27th 2015. An extraordinary Eurogroup meeting is expected to take place on the Greek problem on the same day or following Monday.

Prime Minister Alexis Tsipras is meeting German Chancellor Angela Merkel today Monday in Berlin.

PS Merkel may secretly give Tsipras a handwritten note on how to write down the reforms list.