The failure of the Eurogroup last week to agree even on steps for further discussions on Greece does not bode well for the emergence of a full solution at Monday’s meeting. This could prompt nerves over whether the ECB will cut off emergency funding to Greek banks on Wednesday.
Even if a plan is agreed, it is likely only to tackle Greece’s near-term financing requirements and hence kick the can down the road. Finding a lasting solution to Greece’s debt burden that would guarantee its future inside the currency union will be a much bigger challenge.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services