Euro working group to meet this week as Greece seeks to unlock bailout funds
Euro zone deputy finance ministers will meet midweek ahead of a gathering of Eurogroup finance ministers two days later, as Athens and its creditors continue to seek a deal on reforms to unlock aid, news agency Reuters reports.
“The two sides agreed that there will be a Euro Working Group meeting on Wednesday,” an official close to the talks told Reuters, declining to be named.
Deputy ministers of the so-called Euro Working Group, usually prepare meetings of euro zone finance ministers.
Athens is stuck in negotiations with its euro zone partners and the International Monetary Fund over economic reforms required by its lenders to unlock remaining bailout funds.
Talks are not expected to produce a deal for the approval of euro zone finance ministers at their meeting in Riga on Friday as progress has been painfully slow.
Shut out of bond markets and running out of cash to meet debt repayments, pay civil servants and pensions, Athens may get more aid from both the IMF and euro zone governments if there is agreement on reforms to make its finances sustainable and the economy more competitive.
About Winnie Agbonlahor
Winnie is news editor of Global Government Forum. She previously reported for Civil Service World - the trade magazine for senior UK government officials. Originally from Germany, Winnie first came to the UK in 2006 to study a BA in Journalism & Russian at the University of Sheffield. She is bilingual in English and German, and, after spending an academic year abroad in Russia and reporting for the Moscow Times, Winnie also speaks Russian fluently.
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