Dijsselbloem says judgment on Greek plan probable Friday
Eurogroup chairman Jeroen Dijsselbloem said a first judgment on Greece’s proposals to win a new bailout will probably be handled down Friday, as a deadline to keep the nation in the euro region nears.
Dijsselbloem forwarded Alexis Tsipras’s plan to the European Commission, the International Monetary Fund and European Central Bank late on Thursday, he told reporters in the Hague.
“It’s an extensive piece of text, but the content really needs to be judged,” Dijsselbloem said.
Tsipras’s government offered to meet most of the demands made by creditors in exchange for a bailout of 53.5 billion euros ($59.5 billion). The plan will face its first hurdle in the Greek Parliament on Friday. Broad support in Greece for the plan would give the reforms more credibility, according to Dijsselbloem.
“But also then we have to see whether the proposals are good, if it gets Greece really out of the crisis,” Dijsselbloem said.
Deutsche Bank AG strategist George Saravelos said in a note to clients that a first reading of the proposals found them to be constructive and indicative of government willingness to reach an agreement. European leaders will deliberate on the plan over the weekend.
“It’s a far reaching decision we’ll have to take,” Dijsselbloem said. “So let’s do it thoroughly.”
[Bloomberg]
