Euroworking Group teleconference meeting concluded

The main focus of the meeting was Greece’s immediate need of liquidity

European partners seem to have discovered new problems, since according to Bloomberg they will not be giving us 1.2 billion Euros from the EFSF. The Fund states that Greece has not paid more money than it should.

 

The EuroWorking Group seems to have come and gone with Greek proposals that have not yet been completely formulated.

 

The request for 1.2 billion of the Hellenic FSF, however, will be forwarded to the board of directors of the EFSF to solve technical matters that arose. Brussels state that it is currently “legally impossible”.

 

Despite the above the nature of the talks was positive where the unresolved issues between Greece and the partners were also discussed.