Top ranked EU official: Measures first, debt relief talks second, and finally cash for Greece

Best case scenario could mean an emergency Eurgroup in Orthodox Easter week

A higher EU official in Brussels said the Greek government will have to complete three tasks before a review on the Greek program can be made followed by the release of the first cash disbursement to the country. These involve an agreement with the institutions on a debt restructuring, the full legislation of all the emergency measures demanded by then IMF and the a deal with the Fund. The same source says the Amsterdam Eurogroup meeting on Friday will be brief, and focus on the Greek economy and the progress of talks with country, adding that some progress has been achieved but he expects the matter will not be resolved before the Friday meeting. He claims that in a best case scenario if there is a convergence of views on the Greek issue during the Eurogroup meeting, the institutions’ representatives could return to Athens and work out the details of a final deal with the Greek authorities. If such a development occurs he said an emergency Eurogroup meeting could be arranged within the Orthodox Easter week.