Eurogroup chief Jeroen Dijsselbloem wasn’t mincing any words, following Monday’s Eurogroup meeting.
“I’m sorry to say that the review is not yet concluded, and further work is needed in Greece before the Troika can return to Athens,” said Dijsselbloem in a news conference following the meeting.
Dijsselbloem called on Greece and the Troika to do their utmost to “conclude the negotiations as soon as possible.”
Only on the basis of a “positively completed review,” will the Eurogroup once again discuss the issue, said Dijsselbloem.
In a separate earlier interview, Dijsselbloem said that the review was taking “too long” and that he would be asking from the Greek Fin Min Yannis Stournaras, “what progress he thinks we can make.”
In his statements to the Eurogroup, Greek Finance Minister Yannis Stournaras highlighted Greece’s achievement of its fiscal targets, including the establishment of a primary economic surplus expected to reach 830 million euros. Speaking to reporters after the meeting, Stournaras was optimistic that an agreement will be reached with the Troika by next month’s Eurogroup, with the Greek side presenting alternative proposals and getting the green light to receive the next loan tranche.
At the Eurogroup meeting, German Finance Minister Wolfgang Schäuble also made statements on Greece. “Greece has made significant progress, but Greece still has a lot to do,” said Schäuble, adding that “More efforts are required.”