Agreement on Greece at Eurogroup meeting “very unlikely”
Monday, 11 May 2015
Johan Van Overtveldt, Belgian Finance minister, has said that it was “very unlikely” that an agreement would be reached on Greece at the Eurogroup meeting on Monday. Athens and its creditors will try once again to reach a deal on the renewal of funding for the Greek republic, but this meeting will most probably not achieve this, highlighted several other participants when they arrived at the Juste Lipse in Brussels.
The Eurogroup meeting will start at approximately 3:00pm and is “an opportunity for Greek authorities to reassure their partners and to show their determination to succeed,” commented Pierre Moscovici, European Commissioner for Economic and Financial Affairs. Yanis Varoufakis, the Greek Finance minister, stated he was very confident about today’s meeting, and added he expected that a press release at the end of the meeting would reveal the extent of Athens’s progress. Mr. Varoufakis also believes that a deal between Greece and its creditors was close to being reached and could be signed in coming days.
After a long standstill in the discussions, the 2 parties recently sounded more optimistic as to the possibility of an agreement.