Short-Term Debt Measures for Greece Likely to Be 'Unlocked' on Wednesday, EU Source Says
Wednesday, 21 December 2016
A consensus to unlock the short-term debt relief measures for Greece decided on December 5 is likely to emerge on Wednesday, in exchange for a letter from the Greek side providing the necessary assurances, a European official told the Athens-Macedonian News Agency on Tuesday.
The source appeared confident that full consensus would be reached on the basis of such a letter, in which the Greek side will state in writing its commitment to the targets and processes outlined in the Greek programme.
According to another well-informed source, certain member-states expressed concern over the Greek government's "unilateral actions" in legislating for handouts and asked that the Greek side provide the said assurances in writing.
The Greek side is expected to send the letters to the member-states by Wednesday afternoon, so that they can then instruct the European Stability Mechanism (ESM) to proceed with the implementation of the measures for the debt.