Commission and ECB working on Greek debt relief draft

As European finance ministers arrived in Luxembourg on Thursday for a Eurogroup meeting which was not expected to break the impasse in Greece’s bailout talks, officials were now examining the possibility of an emergency eurozone summit in Brussels on June 25, on the sidelines of a European Council taking place on the same day.

A European Union official told Kathimerini on Thursday that the European Commission and the European Central Bank were in the process of drafting a statement regarding debt relief for Greece, in case of an agreement with the country’s creditors. The text would be a renewal of a previous statement regarding debt relief issued at a Eurogroup meeting in November 2012.

The same source indicated that capital controls would only be imposed in the country if the outflow of deposits were to reach alarming levels in the next few days.