EWG

The EuroWorking Group (EWG) meeting on Wednesday concluded that Greece has completed the implementation of the reforms agreed with its creditors and will recommend the disbursement of an outstanding 1-billion-euro tranche to the country at the Eurogroup scheduled for Friday, according to eurozone sources.

The Euro Working Group (EWG) ended on Monday night without a decision on the disbursement of almost 1-billion-euros from creditors, as there is still no agreement with the Greek government on its plan for protecting the primary residence of debtors from foreclosure.

The crucial negotiating table for the new protection system for borrowers' homes will likely be Monday's Euro Working Group, as talks continued on Friday with another conference call that failed to achieve convergence.

"We are not moving very fast," a European source told Kathimerini, adding that there was no visible solution on the horizon.

The Eurogroup Working Group (EWG) of eurozone member-states ended on Thursday without any objections being raised to a plan by the leftist-led government in Greece for suspending pension cuts planned to go into effect in 2019, Kathimerini has learned.

The decisions on Greece's debt, on extending the grace period for debt repayment, lengthening debt maturity and the cash buffer that will ensure the country's safe return to the markets will be taken by eurozone's finance ministers at the Eurogroup meeting on Thursday, according to a document produced by the EuroWorking Group (EWG) during a meeting earlier in the day, which was seen by Kathimer

Greece's so-called "holistic" growth plan which will be presented at Thursday's Euro Working Group is too vague and is less ambitious when it comes to issues such as privatizations and labor reforms, European officials have said. 

Greece's so-called "holistic" growth plan which will be presented at Thursday's Euro Working Group is too vague and is less ambitious when it comes to issues such as privatizations and labor reforms, European officials said on Wednesday. 

Thursday's Euro Working Group gave Greece's government the tough task of fulfilling the prior actions that remain pending from the third bailout review by the February 19 Eurogroup meeting.

The Euro Working Group (EWG) meeting on January 12 is the next focal point in talks between Greece and its European lenders after the two sides overcame a deadlock over a Christmas bonus granted to low-income pensioners by the left-led government.

The head of the EuroGroup, Jeroen Dijsselbloem is expected to call an extra-ordinary meeting of the EC Finance Ministers on Wednesday via teleconference, after Tuesday’s EuroWorking Group (EWG) meeting on the review of the Greek PM Alexis Tsipras’s provisions failed to produce any results.