Institutions are returning to Greece to hammer out a staff-level agreement

The institutions’ missions will be returning to Athens to hammer out a staff-level agreement on remaining reforms, Eurogroup President Jeroen Dijsselbloem announced on Monday after the conclusion of the Eurogroup.

Speaking to journalists at a joint press conference with EU financial affairs chief Pierre Moscovici and re-elected Managing Director of European Stability Mechanism (ESM) Klaus Regling, Dijsselbloem said he was he was pleased eurozone’s finance ministers were able to give the “green light” for the return of the institutions to Athens.

Dijsselbloem and Moscovici said there are issues that remain open for discussion but noted the need to exit from the policies of austerity. They also hailed the fiscal reform and the gradual return of growth to Greece.