His pre-meeting comments:
If there weren’t anything to discuss we wouldn’t have a meeting…Today we are aiming to finalise the decision on a new rescue package for Greece. The state secretaries have prepared it well but there are still some details we have to talk about.
We still need clarity on the involvement of private creditors about a programme to make sure that Greece will not exceed a debt level of 120 percent of GDP by the year 2020. There is still some work to do and we have to make sure that the programme is implemented. I’m confident.
His other comments seemed to indicate that he saw an escrow account as a done deal but others sound much less confident. The top issue is monitoring, or how the Troika will enforce austerity implementation. The secondary issue is finalizing the PSI. Third is official involvement.
