The German finance ministry is making sure everyone keeps their feet on the ground over Greece
The ongoing review of the second bailout is not yet finished
Agreement between Greece and institutions is an important intermediate step
The work continues and the Eurogroup aims to complete the review on 22nd May
There needs to be more clarity on Greece's primary surplus
I highlighted the word "preliminary" in my prior post and Ze Germans are calling this deal "intermediate". As always, the EU is quick to claim a victory before all the runners have crossed the finish line, While Germany sees the race only just beginning.
What could possibly go wrong? The first thing is that Germany isn't so keen on debt relief but it's a big IMF condition so it's likely they'll let it happen in some form eventually.
