On Friday Greece repaid the first €310 million instalment of loan from the International Monetary Fund that expires this month.
During next two weeks Athens has to pay back €1.5 billion. According to a Greek government official, Greece sent an updated list of reforms to Brussels. The document expanded on an earlier set of proposal and contained new details.
In February Athens reached agreements on a four-month extension of its financial rescue.
The Greek authorities also tried to get a permission to release short-term treasury bills for €8-10 billion that is more than the ECB’s approved €15 billion. However, the creditors do not want to extend the current limit.
Eurogroup president Jeroen Dijsselbloem suggested a possible solution to this issue. The politician supposes that if Greece starts to fulfill the necessary reforms, the international creditors may pay a part of the remaining tranche of €7.2 billion this month. “If you do that, then somewhere in March, maybe there can be a first disbursement. But that would require progress and not just intentions,” Dijsselbloem said.
