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#Eurgroup delayed by at least 1hr (~1800 start) as finance ministers pick holes in draft report they failed to agree earlier this weeks. Lots of bilateral calls going on between 🇮🇹🇩🇪🇫🇷🇳🇱 as they try to iron out new differences (over credit lines and SURE) before dialing in at 27
Make that *1900 #Eurogroup
Deafening silence from #Eurogroup for another few hours may not be such a bad thing. Past weeks suggests that when we are in Zoom format things usually go wrong 📞
#eurgroup breaks for an hour. History suggests could stretch much longer than as officials digitally try to draft report for EU leaders. Sticking points are how to refer to ESM and a post pandemic "recovery plan". Dutch and others also want assurances that SURE is not forever
Current draft of #Eurogroup text has no explicit mention of ESM conditionality and no mention of debt mutualisation. The financing of any post pandemic "recovery fund" is also left entirely open. So lots to do ⏰
#Eurogroup rn 💤💤 
