- After another week of limited progress on the negotiations front, hopes of a deal at the Eurogroup meeeting have been dashed.
- Negotiations appear to have stalled on the key pension and labour market reforms and on the privatisation programme.
- The German Finance Minister was especially pessimistic on the chances of a deal – though other European policymakers have been more quiet on the topics. As a result, a deal this week appears unlikely.
- The next key date is the 11 May Eurogroup meeting – i.e. the day before Greece needs to repay the IMF €750m.
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