This afternoon, the Eurogroup will meet in Luxembourg. On the agenda are a post-programme review of Portugal, a review of Cyprus’ ongoing economic adjustment programme, and an IMF review of the Eurozone, but most likely the discussions will focus on Greece.
The current agreement between Greece and its lenders expires on 30 June and attempts to reach an agreement have not yet succeeded. The Greek Central Bank warned yesterday that a Grexit would be possible if negotiators will fail to reach an agreement. This follow remarks by European Commissioner Valdis Dombrovskis on Tuesday that Eurozone members were discussing what might happen if a deal would not be reached.
If the discussions today will not lead to an agreement, an emergency summit could take place over the weekend.
Read more:
Eurogroup meeting page
Greece-page on the EMI Wiki
Emma Klever
Policy Officer