What is the essence of Tuesday’s Eurogroup video-conference

As top government official announced, a Eurogroup video-conference is to be held on Tuesday on the list of reforms proposed by the Greek government.

The above announcement of the video-conference dropped as a bomb, since it raises questions as to whether is a positive sign or an omen indicating a gap that can not be bridged between Greek government and lenders.

Back on Saturday night, the Greek Minister of Finance Yanis Varoufakis had announced the video-conference to be held in case European lenders’ reacted positively on Greek proposal for extending the loan agreement.

“If they say ‘Yes’ there will be a video-conference where Mario Draghi, Christine Lagarde and Pierre Moscovici will express their views with a simple ‘Yes’ or ‘No’. There will be no voting”, stated Mr. Varoufakis on Saturday.

Basically, according to what has been announced by Mr. Varoufakis, at the Eurogroup meeting via video-conference on Tuesday, the ‘institutions’, meaning the IMF, the ECB and the European Commission will be placed on the list of the Greek proposals.

According to information, the final Greek proposal list will be submitted on Monday.