With time running out and the Greek economy feeling the increased pressure from the limited liquidity, the government Vice President Yannis Dragasakis is scheduled to travel to Frankfurt. There, he will meet with the European Central Bank’s Mario Draghi, a day before a critical board meeting where decisions will be made regarding the liquidity of the Greek banking system.
On Monday the government spokesman Gabriel Sakellaridis noted that the government hopes that the progress in negotiations is recognized. This recognition could form the basis for an agreement to continue providing liquidity to Greece, even if an overall agreement has not been yet achieved.
Brussels however is not as optimistic as the Geek side, considering how the ECB chief ruled out the possibility of an agreement for partial payments being made out to Greece, while stressing that there was an agreement with the Greek government for a package deal within four months.
Athens on the other hand is attempting to circumvent procedures via technical negotiations, in order to receive some much-needed liquidity injections. Without an agreement though, it will become increasingly difficult for the Greek government to convince its interlocutors and partners.
