Eamonn reported that the Greek parliament approved the latest/final proposals by an overwhelming majority and now the Eropean Commission/ECB/IMF have said that there is sufficient reform to start considering today
- Greek plan is basis to start formal bailout talks
- passes muster but with conditions
An EU official this morning
"The three institutions have made a first joint assessment of the Greek reform proposals submitted Thursday night. Under certain conditions, they jointly see the proposals as a basis for negotiating an ESM program. This assessment was sent to the Eurogroup president last night."
The recommendation gives the green light for negotiations fully when the Eurogroup meet at 13.00 GMT in Brussels today. Ministers' advisors are already discussing the proposals as I type
Reuters reporting
We wait to see still whether Germany will continue to play hard-ball on debt relief/restructuring, but all the evidence so far suggests that they will. Adam posted this on the man I have often referred to as Mr Happy in jest and highlighted previously his mandate to spoil the party
The starting pistol has been fired though and this crucial week-end for the future of Greece and the Eurozone is now under way