There's been progress...of sorts
The biggest headline of the Eurogroup meeting is;
"Bailout auditors will return to Greece next week"
Magic. So much for getting anything significant done today. I can already hear the brooms starting to brush stuff under the carpet ahead of the visit.
A Greek government official has also popped up on the wires;
Technical staff will return to Athens
Greece will legislate measures for after 2018
Has agreed to legislate reforms for 2019
Government won't legislate additional austerity
For some reason the markets see this as progress. Greek 10 year yields are currently down 25bps top 7.56% 2's have fallen from 10.05% to 9.42%
All this is all due to be confirmed by a presser or statement in around 10 minutes...possibly.
