Key institution chiefs set to confer on Greek proposal
The heads of the key creditor institutions involved in assessing Greece's proposals for a reform-for-cash deal will confer by teleconference at 1 p.m. on Friday, EU sources said.
European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi, International Monetary Fund Christine Lagarde and Eurogroup finance ministers' chairman Jeroen Dijsselbloem will make a first assessment of the plans sent to Brussels late on Thursday by the Greek government, the sources said.
If the assessment is positive, a eurozone summit on Sunday could recommend starting negotiations with Athens on a new three-year bailout program and releasing some bridging funds once it enacts key immediate reforms. [Reuters]