When asked about Sunday’s meeting between the Minister of Finances Yannis Stournaras and Deputy Minister of National Defense Fofi Gennimata with the troika representatives, a senior Ministry of Finances officer described it as “fairly to very creative”.
With most of the prior actions complete, the main issue at yesterday’s meeting is the fate of Greek defense industry EAS. Upon coming to an agreement with the troika, Greece will then be able to collect a coveted one billion euro loan installment, which is pending from July. The likeliest scenario – should a deal be struck – is for the loan to be approved at Tuesday’s Eurogroup session and paid out on Thursday.
The same Ministry officer claimed that a deal may be struck as soon as on Monday. According to the officer “the troika will compose its report and send it to the EuroWorking Group, which will either then approve the 1 billion euro installment either refer the matter to the Eurogroup on Tuesday”.
Another Finance Ministry officer who was present at the weekend meetings expressed his certainty on coming to an agreement with the IMF, EU and ECB representatives.
