Greece will have access to the first tranche of funds from the IMF from Monday morning, according to European Commission officials.

And, on Sunday, 

eurozone finance ministers would decide whether to activate a package of financial assistance based on recommendations by officials from the IMF, the European Central Bank and the European Commission who have been in Athens to discuss Greece’s public finances.

Source: European Voice

So, to be very clear, it is the IMF which is starting Greece bailout, not the eurozone. For the moment, all the fuss about “Eurozone ministers to approve Greek aid Sunday” is just PR spin.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s