Yanis Varoufakis

By Nikos Chrysoloras

Led by Alexis Tsipras, Syriza is Greece's biggest opposition party and has pledged to annul the country's bailout agreement should it take power.

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Euro zone finance ministers will take no decision on Monday on any extension of Greece's bailout program, which expires at the end of the year, the bloc's top economics official said.

Finance Minister Gikas Hardouvelis heads to a Eurogroup meeting on Monday with the troika yet to respond to Greece’s latest communication in the ongoing negotiations over the pending review.

Greece is preparing its response to the troika after the country’s lenders demanded a firmer commitment from Athens on fiscal and structural measures, which likely means that the current bailout will have to be extended by at least a month so an agreement can be reached.

Greek government’s spokesman Sofia Voultepsi said that a meeting between representatives of the coalition and troika in Paris on Tuesday and Wednesday represent the “last phase” of negotiations between the two sides.

“The important thing is that a decision has been taken to get the process moving again,” Voultepsi told Vima FM.

A teleconference conference between Greek Finance Minister Gikas Hardouvelis and representatives of Greece’s creditors, collectively known as the troika, was scheduled to take place on Thursday afternoon, Kathimerini understands.

The meeting’s agenda was expected to focus on proposals forwarded to the troika by the Greek government late on Wednesday.

 European Commission matches the government’s forecast for growth

The European Commission’s latest report backs government forecasts for a Greek economic turnaround, and Brussels is determined to help the country emerge from its adjustment program, as new Economic and Monetary Affairs Commissioner Pierre Moscovici stated on Tuesday, underlining the importance of the reform process.

Greece and the Eurogroup agreed on Friday a deal to extend the country?s loan agreement for another four months, pending on lenders approving reform proposals due to be submitted by the Greek side on Monday.