Where Athens and creditors stand following Eurogroup agreement

Following the February 20 2017 Eurogroup meeting in Brussels, several conclusions could be drawn as to what the Greek government took away and what remains to be done in terms of the review of Greece’s bailout program.

It is now clear that there was no “political agreement” to wrap up the review as the Greek government hoped. Instead, there was merely an agreement for the “quartet” to return to Athens next Monday.

If a Staff Level Agreement is reached with the “quartet”, it may be approved by a Eurogroup meeting on 20 March (at the earliest). This is the only way bailout funds could be disbursed to Greece.

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