ANKARA
The head of the group of Greece's European creditors, Eurogroup, said on Sunday that Greek reform proposals for the completion of its bailout were 'far' from acceptable.
Speaking to reporters in Amsterdam on Sunday, Dijsselbloem said that the list of measures Greece’s government sent to the Eurogroup last Friday not complete.
Dijsselbloem said that Greece probably will not receive a much-needed tranche of aid this month. Greece is badly in need of additional aid; currently the country's financing is entirely dependent on emergency aid from the European Central Bank.
On Feb. 20, the Greek government signed an agreement with its European creditors: The deal involves the acceptance of Greek government economic reform proposals which would permit the creditors to disburse the next tranche of aid.
Without this aid, Greece is likely to run out of funds. “I can only say that we have money to pay salaries and pensions of public employees,” Greek Finance Minister Yanis Varoufakis told Italy’s Il Corriere della Sera in an interview Sunday. “For the rest we will see.”
Greek Prime Minister Alexis Tsipras has said that his government will bring a referendum on completing the bailout to the Greek people if the proposals are not accepted.
Eurogroup ministers meet on Monday with Greek government representatives to discuss the reform proposals.
