It transpires that despite the media and Eurogroup hype that a Greek bailout deal has been agreed, as usual the reality is completely different.
Aside from the fact that the IMF has nixed it, it is reported by ekathimerini that Greek government officials and representatives of the country’s
international creditors discussed on Thursday a series of “technical
details” that Greece must legislate in order to secure a sub-tranche of
7.2 billion euros in loan funding, Finance Minister Euclid Tsakalotos
and Alternate Finance Minister Giorgos Houliarakis said.
Houliarakis conceded that creditors want to see “a large amount of
technical improvements” to legislation that Greece passed into law last
week. In its provisions relating to nonperforming bank loans, which will
henceforth be subject to sale, the government did not include loans
guaranteed by the state. The omission was discussed by the ministers,
creditor representatives and Bank of Greece officials during a
What's the betting that the technical details never get passed by the Greek parliament?