ECONOMY

Stournaras to brief Eurogroup but no decisions on Greece expected

Finance Minister Yannis Stournaras is due to update on Monday his eurozone counterparts on Greece’s progress in implementing the measures by the troika but no decisions on the country’s future are expected at the Eurogroup meeting in Luxembourg.

Issues such as how to cover a potential funding gap and whether Greece will need a third bailout are to be put off. However, the head of the Euro Working Group, Thomas Wieser, is expected to visit Athens on Wednesday to discuss the options available to Greece and its partners.

Dutch finance minister and Eurogroup chief Jeroen Dijsselbloem pulled out of annual IMF meetings in Washington on Thursday to deal with his government’s budget difficulties as the country’s coalition seeks to push through another 6 billion euros in austerity measures.