Eurogroup's Meeting on Greece Completed, Results Are Positive for Greece

The Eurogroup’s meeting on Greece was completed on Monday evening and Greek authorities will begin talks with the institutions’ technical teams on March 11 (Wednesday) in Brussels, government sources said. 

Technical consultations will also begin, but no team of the institutions will visit Athens. The same sources said Eurogroup expressed its will to cover the country's funding needs, if deemed necessary. 

 

The government said the results of the meeting were positive, as implementing the agreement of February 20 could allow the European Central Bank (ECB) to ease its stance towards Greece. According to government sources, the points that were agreed were: 

 

1. The process to implement the February 20 Eurogroup decision is beginning

 

2. In spite of the misinformation diffused in the past few days, the Greek proposals were accepted politically by the Eurogroup.

 

3. Discussions between the technical teams of Greece and the institutions will start on Wednesday (March 11). The joint talks with the institutions will take place exclusively in Brussels and not in Athens. The troika as a mechanism belongs officially in the past. 

 

4. The institutions expressed their will to resolve promptly the country’s funding problem.

 

5. The Greek government will continue to enrich the list of reforms with additional refined proposals.