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Deal unlikely on Greece at this week’s Eurogroup meeting

  • After another week of limited progress on the negotiations front, hopes of a deal at the Eurogroup meeeting have been dashed.

  • Negotiations appear to have stalled on the key pension and labour market reforms and on the privatisation programme. 

  • The German Finance Minister was especially pessimistic on the chances of a deal - though other European policymakers have been more quiet on the topics. As a result, a deal this week appears unlikely. 

  • The next key date is the 11 May Eurogroup meeting - i.e. the day before Greece needs to repay the IMF €750m. 

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