Series of talks for Papademos, 6th tranche-Eurobond in the spotlight

The Greek premier Lucas Papademos is having successive meetings focusing on safeguarding the 6th installment of the aid package.

On the other hand, the Europeans insist on the pledge the Greek political leadership has to sign, which concerns the agreement of October 26-27. Within the given framework, Papademos met the Eurogroup president, Jean-Claude Juncker earlier on Tuesday in Luxembourg. The discussion also revolved around the possible issuing of the Eurobond.

Following his Monday meetings with the European Commission president, Jose Barroso and the president of the European Committee, Herman van Rompuy, Papademos underlined that if issued, “the Eurobond and similar tools could give Greece a push to overcome the crisis”.

Later on Tuesday, the Greek prime minister will meet with the ECB president, Mario Draghi in Frankfurt, whereas late on Monday night he had his first ever (phone) contact with the American president, Barack Obama. The latter congratulated him on his new position and duties and expressed his support for crisis-hit Greece.