Crucial Eurogroup meeting to determine troika negotiation process

A difficult Eurogroup meeting for Greece is set to take place on January 27 2014, at which finance minister Yannis Stournaras will have to explain to counterparts why Greece’s talks with troika inspectors have not progressed sufficiently.

The troika began the latest inspection of Greece’s progress in the implementation of the adjustment program in September 2013. However, talks have stalled since then and the ECB, EU and IMF officials have not yet made clear when they are due to return to Athens and rubber-stamp the disbursement of the next tranche of a rescue loan to Greece.

Greek Prime Minister Antonis Samaras held a meeting with Deputy PM Evangelos Venizelos and FinMin Y. Stournaras last Friday in which they set out all the country’s proposals on outstanding issues which were sent to troika officials over the weekend.

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(Photo: Steve Ford/