EWG: Negotiations between Greece and its international creditors are on good track

Negotiations between Greece and its international creditors are on good track, the Eurogroup Working Group (EWG) noted on Wednesday following a teleconference, EU sources told ANA-MPA.

According to the sources, during the teleconference it was pointed out that in recent days negotiations were conducted in a spirit of cooperation and that technical level discussions intensified and became more substantial. However, the EWG noted the delays of the last two months and stressed the need to accelerate ad specify the negotiations.

“The distance continues to be great, there are several gaps that need to be covered,” an EU official said who added that despite the progress made, it is not realistic to meet the deadline of April 30, as it was stated in the February 20 Eurogroup agreement.

The EU sources also said that no decisions are expected at the Eurogroup meeting of April 24 in Riga, as the necessary preparatory work has not been done.
“Ministers will evaluate the situation, which is a little better than it was before, but they will request an acceleration [of the process] and more specification,” the official said.

He also added that during their meeting in Riga eurozone Finance ministers will give their Greek counterpart Yanis Varoufakis a type of road map with the most important issues which need to be covered soon, if a decision is to be made at the Eurogroup on May 11.