Evaluation of Greek proposals

According to the same official, the European Commission, the European Central Bank and the International Monetary Fund are examining the Greek proposals and will complete their evaluation on Friday night.

The Euro Working Group will convene on Saturday at 11 and a Eurogroup meeting will follow at 16:00. He also reminded that the institutions will evaluate the Greek government's request for a new financial aid from the European Stability Mechanism (ESM) taking under consideration the eurozone's stability, the sustainability of the Greek debt and the real financial needs of the country in the next years.

Moreover, the institutions will evaluate the Greek proposals with the list of prior actions. If a new support programme to Greece is decided at Saturday's Eurogroup then maybe there will be no need of an EU Summit on Sunday. Regarding the so-called 'bridge-financing' that will cover Greece's financial needs for the next month, the same official noted that in order this discussion to start, there must be an agreement for the long-term financing of the Greek economy. He also clarified that the ESM treaty does not foresee early disbursements.