GREEK BAILOUT CRISIS EASES AS ECB POISED TO ALLOW GREECE TO JOIN QE PROGRAMME?


The Greek government has informed creditors it will not fulfil their requests to improve legislation required to get the next bailout tranche.

http://www.tovima.gr/en/article/?aid=803658

Alexis Tsipras’ government  has drawn criticism for including into a mammoth 7,000 page bill a clause allowing MPs and public officials (involved in privatisations?) to have offshore companies in tax havens

http://www.ekathimerini.com/209120/article/ekathimerini/news/mitsotakis-demands-answers-over-change-to-law-on-politicians-and-offshore-firms

In a separate development, the European Central Bank appears to be preparing to discuss making the technical changes required to its bond buying programme for it to buy Greek bonds as part of its quantitative-easing programme again, easing the country’s liquidity crisis should the next bailout tranche not be paid.

http://blogs.wsj.com/moneybeat/2016/05/25/extending-qe-to-greece-wont-do-much-good/

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