Eurogroup To Hold Press Conference Momentarily: Live Webcast
cwhich will have the following big picture framework:
- 4 not 6-month extension
- no completion of current program
- no new austerity measures
- no unilateral actions
some of the key terms remains undisclosed, and somewhat unexpectedly Reuters reports that Greece will have until Monday, which is a national holiday, to list the planned measures it intends to take. It is surprising that Germany has agreed to an open-framework of this nature, which also means that once the final memorandum is available, everyone will dissect the language to find out just who folded.
So while we wait, the Eurogroup's press is said to begin momentarily. Watch it live below.
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