Eurogroup Head: Agreed with Greece on Many Issues, Assessment on Tuesday

Greece and its euro zone creditors have reached a deal on many, but not all, issues in the program that Athens is implementing in return for loans, the head of euro zone finance ministers Jeroen Dijsselbloem said on Sunday.

Greece needs the euro zone to give a positive review of its reform progress to get the next, 2 billion euro ($2.15 billion) tranche of loans as well as up to 10 billion euros to help recapitalize its banks.

But talks, which should have been completed by the middle of October, have stalled because of differences over details of a foreclosures law.

“I welcome that good progress has been made between the Greek authorities and the institutions in the discussions on the measures included in the first set of milestones and on the financial sector measures that are essential for a successful recapitalization process,” Dijsselbloem said.

“Agreement has been reached on many issues,” he said.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.