Commission expects progress in Greek debt plan at July 11 Eurogroup meeting

A Eurogroup meeting next Monday and, in general, over the next few days, will see progress in the main parametres of a new support programme for Greece, Amadeu Altafaj, a spokesman for EU Economic and Monetary Affairs Commissioner Olli Rehn, told reporters here on Monday.
The EU spokesman stressed that technical details over the participation of the private sector in a European support programme will be agreed in the coming weeks.

Altafaj said a new support scheme for Greece was gradually taking shape and underlined the significant progress made over the last few weeks on the issue.

He noted that a Eurogroup meeting in July 11 was expected to offer more clarity over the participation of the private sector in the scheme.

Altafaj decline to comment on a report by Standard & Poor’s, which said that a French plan for a rollover of Greek debt would be considered as selective default, while he reassured that decisions taken or expected to be reached in the future will mean that “Greece will be able to stand on its feet”.

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