Chances of an agreement on Monday’s Eurogroup are slim

The chances of reaching an agreement at the upcoming Eurogroup meeting next Monday are slim. “The assessment, in contrast to red wine, doesn’t get any better as time passes by” a senior Eurozone official has stated. He further noted that only 1/3 of prior actions needed for the completion of the assessment have been completed so far and noted that an agreement is more likely at a Eurogroup meeting in March or April.

Speaking at a conference in Munich, European Stability Mechanism chief Klaus Regling said the eurozone’s rescue policies were working, noting that four of five countries had successfully exited their reform programs.

Greece will be able to return to financial markets in the summer of 2018 and can end its bailout program, but it must implement with determination the reforms agreed with its creditors if it wants to regain the trust of private investors, he added.

Die Welt daily notes that German Chancellor Angela Merkel and IMF Executive Director Christine Lagarde have reached an accord regarding Greece’s debt for 2018, however this is not confirmed by the Fund, Deutsche Welle notes.

German Foreign Affairs Minister Zigmar Gabriel stated at Frankfurter Allgemeine Zeitung that asking Greece to have a primary surplus of 3.5% for 10 years is α financial vudu practice.

Greece’s pensioners already have barely enough to live on,Effie Achtsioglou, Minister of Labour, Social Security and Social Solidarity, wrote in a letter sent to the Financial Times.

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