Greece’s lenders prepare for fresh loan and memorandum deal

Written by on September 10, 2014 in Europe - Comments Off on Greece’s lenders prepare for fresh loan and memorandum deal

Addressing a joint press conference in Athens with his visiting Portuguese counterpart Pedro Passos Coelho, Greek premier Antonis Samaras indicated that Greece was re-establishing control of its finances. “Soon we will be able to certify the sustainability of our debt without new memorandums, without the need for new loans,” he said.

However, with a Eurogroup meeting in Milan on Friday set to discuss progress in the implementation of the country’s adjustment program, a fresh loan – accompanied by a new set of reform and adjustment measures – is also very much on the cards.

Greek government and troika auditors are set to resume discussions on a review of the Greek adjustment program later this month in Athens, focusing on Greece’s projected budget and financing gaps for 2015.

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(Photo of Samaras: EC Audiovisual Service)

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