Finance ministry sources confirm initiatives are being taken to close 2nd review

Finance ministry sources confirmed on Monday that initiatives are underway “on many levels” to end the deadlock between Greece and its creditors and conclude the second program review.

“As we have noted before, at this time there are many factors on many levels taking initiatives to speed up the procedure to achieve an agreement on the second [program] review,” the sources said. “It is still early to assess if they will bear fruit,” the sources added.

The sources were responding to press reports that Eurogroup President Jeroen Dijsselbloem is seeking a meeting of parties involved in the negotiations in Brussels, namely the representatives of the creditors, the IMF and Greece.