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> Economy

EU proposal on Greece at Eurogroup meeting, according to Bloomberg

It involves bond maturity and grace period

Newsroom May 23 12:29

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According to news agency Bloomberg, a draft plan on the Greek program prepared on Monday’s Euroworking Group (EWG), and expected to be tabled on Tuesday’s Eurogroup meeting includes bond maturities, lower interest rate payments and a grace period. The three points are similar to the demands put forward by the IMF as preconditions for it to remain on the Greek rescue program. Bloomberg also reports that Greece will receive an 11bln Euro disbursement after the completion of the review by its creditors.

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