The day after the Eurogroup decision

Prime Minister Alexis Tsipras met with EU’s migration commissioner, Dimitris Avramopulos, and commenting on the Eurogroup meeting he said Greece waited four years to have a decision that would introduce a road map for debt relief.

Supplemental Memorandum of Understanding
An addendum to the current bailout terms is being prepared so that Greece can receive the first installment of the second tranche in June. The supplemental Memorandum of Understanding, agreed to by the European Stability Mechanism (ESM), will pave the way for Greece to get 7.5 billion euros in June (from the total 10.3 billion euros expected).
The European Commission, in its statement, describes the Eurogroup agreement as a “breakthrough” as it paves the way for the disbursement of the second tranche but also for measures on debt relief to be implemented on a gradual basis. “Above all, it will serve to create the conditions for the return of confidence, which is essential for a lasting economic recovery in Greece,” notes the EC statement.

Greek bonds accepted as ECB loan collateral
Eurozone central bankers are set to take a big step towards rehabilitating Greece’s banking system next week by agreeing once again to accept bonds issued by Athens as collateral for European Central Bank loans,the Financial Times write.

The move would come as a further boost for Greece — and particularly its struggling banks — after Athens’ creditors agreed early on Wednesday a deal in principle to ease the country’s debt mountain and break an impasse between Germany and the International Monetary Fund.
The ECB’s governing council, made up of six of the institution’s top officials and heads of national central banks in the eurozone, will meet next Thursday in Vienna. Officials in Athens were confident that the ECB would decide at that meeting to allow Greek lenders to use Greek sovereign debt as collateral to access central bank cash.