Jeroen Dijsselbloem

Trust in the stability of the Greek economy remains weak, Eurogroup chief Jeroen Dijsselbloem has said adding that the country's left-led government must intensify efforts to rebuild the crisis-hit economy.

The year is coming to a close with the end of the dreadful performance which was the rift between the Greek government and the country's lenders, led by the champion of austerity, German Finance Minister Wolfgang Schaeuble.

Two-year Greek government bond yields traded at 7.86 percent on Tuesday, close to recent highs, as investors reacted cautiously to weekend comments from Eurogroup chief Jeroen Dijsselbloem that talks about initial debt relief measures for Athens would resume.

Debt relief was frozen mid-month over Greece's decision to pay pensioners a Christmas bonus.

The talks with the Greek government on the short-term debt measures will commence immediately Eurogroup President Jeroen Dijsselbloem wrote in his twitter account today.

Eurogroup chief Jeroen Dijsselbloem said on Saturday talks about initial Greek debt relief measures would be resumed after being frozen mid-month over Greece's decision to pay pensioners a Christmas bonus.

Eurogroup chief Jeroen Dijsselbloem said on Saturday that talks on short-term debt relief measures for Greece would be resumed after being frozen mid-month over Athens's decision to pay a year-end bonus to pensioners.

Eurogroup chief Jeroen Dijsselbloem said on Saturday that talks on short-term debt relief measures for Greece would be resumed after being frozen mid-month over Athens's decision to pay a year-end bonus to pensioners.

Greece was granted some short-term debt relief from European creditors at the December 5 Eurogroup meeting even though it did not meet all the requirements of its bailout program that have staved off both the country’s bankruptcy and Grexit thus far.

Greece's creditors in the 19-country eurozone have agreed to give the cash-strapped country some short-term debt relief even though they remain to be convinced that the Greek government has delivered on the promises it has made in return for the bailout money that prevented bankruptcy.

The Eurogroup’s lengthy meeting regarding Greece’s debt relief concluded shortly before 20:00 GMT in the wake of the German newspaper Süddeutsche Zeitung‘s revelation that Berlin is pressing to extend the 3,5% primary surplus for another ten years, which had been agreed for Greece until 2018.