Eurogroup Meeting Fails to Yield Agreement on Greece

World » EU | June 22, 2015, Monday // 19:13
Bulgaria: Eurogroup Meeting Fails to Yield Agreement on Greece Photo by EPA/BGNES

Eurozone finance ministers failed to reach agreement on Greece at the meeting on Monday, with a new round of talks expected to be held over the next few days.

“The Eurogroup broadly welcomed a new version of the reform plan submitted by the Greek authorities this morning, before the Eurogroup meeting, and considered it to be a positive step in the process,” the Eurogroup said in a statement.

“The Eurogroup asked the institutions (the European Commission, the European Central Bank and the International Monetary Fund) to start analysing the new proposal and together with the Greek authorities work out a list of prior actions with a view to reaching a final agreement on the reform plan later this week,” the press release stated, informing that the Eurogroup could hold another meeting this week.

The meeting was plagued by confusion as it turned out that Greece had sent two versions of its latest proposals to creditors early on Monday morning, thereby allowing technical experts too little time to prepare in-depth assessments and submit them to finance ministers, according to EUObserver.

Speaking after the meeting, Eurogroup Chief Jeroen Dijsselbloem admitted that there had been two versions, adding that
Dijsselbloem described the proposals as “broad and comprehensive”, adding that the creditors had said that they were a basis for negotiations.

Meanwhile, Greece will also be on the agenda of a summit of EU leaders on Monday evening.

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Tags: Eurogroup, Eurozone finance ministers, Grexit, EU leaders
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