Hans Vijlbrief

The Netherlands has said that it will close the taps at Europe's largest gas field on October 1 after years of earthquakes, despite global energy worries sparked by Russia's war in Ukraine.

Residents living near the massive Groningen site have complained for more than two decades of being terrorised by quakes which have been directly attributed to drilling operations.

It is evident from a series of public statements that the new government is viewed positively by the representatives of Greece's creditors and European partners as they expect better cooperation and more steadfast reform policies.

Nevertheless, the first positive signals do mean that creditors are prepared to change the basic targets of economic policy.

Greek Prime Minister Alexis Tsipras will meet with European Commissioner for Economic Affairs Pierre Moscovici at 2.45 p.m. at Maximos Mansion, his office said.

Moscovici is expected to convey to Athens the growing concern in Brussels, as Greece's creditors see no progress in the implementation of the country's post-bailout commitments.

European Commissioner for Economic Affairs Pierre Moscovici is on Wednesday expected to convey to Athens the growing concern in Brussels, as Greece's creditors see no progress in the implementation of the country's post-bailout commitments.

Euro Working Group chief Hans Vijlbrief appeared on Wednesday absolutely certain there will be a total agreement at next Thursday's Eurogroup, although the International Monetary Fund will not participate in the Greek program with any funds.

Greece will need to be under close supervision after the completion of its bailout program, the President of the Eurogroup working group (EWG) Hans Vijlbrief has said.

The Board of Directors of the European Financial Stability Facility (EFSF) decided on Friday to opt for a Reservation of Rights on EFSF loans to Greece, after the non-payment of Greece to the International Monetary Fund (IMF).