The completion of the first evaluation of the Greek program by the institution is seen as a prerequisite for the recapitalization of the Greek banks by the end of the year.

An important meeting for proceeding and completing the recapitalization of the banks would be next Monday’s Eurogroup, where both sides will try to reach an agreement regarding the first list of prerequisite measures for the first evaluation.

If the list of prerequisites is approved, then two billion euros will be disbursed and the approval of the second list would lead to the disbursement of one billion euros. The completion of the evaluation will pave the way for the recapitalization of the Greek banks.

This seems to be what a European official participating in the negotiations said stressing the discussion about Greece during the Monday’s Eurogroup will focus on the discussion of the draft European budget, but also on the structure of the necessary prerequisites for the completion of the first assessment.