Eurozone ministers meeting to discuss Greek debt

Eurozone finance ministers will meet in Brussels on Monday.

Greek politicians hope that EU ministers will recognize the progress that the country has made.

Greece is locked in negotiations with its EU-IMF creditors. The country is hoping for €7.2 billion ($8.1 billion) in remaining bailout loans to be released.

The country says that it will honor the payment of €750 million ($834 million) due to the IMF on Tuesday.

Eurogroup chair Jeroen Dijsselbloem told the Italian newspaper Corriere della Sera:

“We have made progress, but we are not very close to an agreement… …It will surely not be reached at the Eurogroup meeting on Monday.”

Greek Finance Minister Yanis Varoufakis told the BBC last week that he does not expect a deal to be made on Monday, however, one could be reached within the next couple of weeks.

Last week Greece met its Wednesday’s deadline to pay €200m (£148m) in interest to the IMF.

Thomas Harjes, an economist at Barclays, told The Financial Times:

“We do not expect an agreement that would unlock the payment of the remaining €7.2 billion.”