The chances of Greece striking a deal with its European partners on the upcoming April 24 Eurogroup are low, German daily newspaper Handelsblatt wrote earlier today. The German newspaper is citing European Commission Vice President Valdis Dombrovskis, responsible for the Euro and Social Dialogue.
According to the report, the upcoming meeting in Riga is unlikely to sign off on Greek reforms and instead the Eurogroup is more likely to assess progress. The decision to release funds may come at the next Eurozone Finance Ministers meeting on May 11. As it is explained, the main reason for the delay is that Greece does not want to implement pension and labor market reforms, as requested by its partners, while the country is expected to yet again run out of cash by May 1, if no fresh assistance is unlocked.
The article comes to complete contrast with Greek officials’ statements. Last week, Greece’s Alternate Foreign Minister for International Economic Relations Euclid Tsakalotos said the Greek government aims to conclude the talks with its international creditors regarding its revised reforms package within April and specifically before the 24th when a Eurogroup meeting is scheduled. “We are working very hard on the good scenario, and by then, Greece needs to have had some movement on its funding, on the money that is owed to it by the International Monetary Fund (IMF) and the other institutions. We are doing our best to reach a new deal for what we think is good not just for the average Greek but for the average European,” he highlighted in an interview to Bloomberg TV.