The best scenario is to have negotiations completed by mid-August, EU sources say
Negotiations between the institutions and the Greek authorities for the ESM support program will officially start in the coming days, a European official told ANA-MPA on Friday.
The same EU sources said that although "ambitious," the best scenario is to have the planning completed as soon as possible, preferably by mid-August. In this case, the sources said, the August 20 payment to the ECB may be done by the first disbursement from the ESM.
However, the Commission is prepared for all scenarios, the sources noted adding that right now there is no need to speculate about whether a new financing-bridge will be needed.
