Valdis Dombrovskis

The European Union's head office has said Greece is delivering on its fiscal targets and that an agreement to hand more bailout cash to Athens could come next month.

The head of the EuroGroup, Jeroen Dijsselbloem disclosed the content of the April 7 Malta EuroGroup agreement between Greece and its creditors. In a letter he sent to the EuroGroup members Mr. Dijsselbloem presented the results of the Malta meeting. With regards to Greece the official meeting covers the following:

4. Greece – State of play

European Commission Vice-President Valdis Dombrovskis expressed optimism Friday that a meeting of euro area finance ministers in Malta will produce a breakthrough in Greece's months-long bailout talks with creditors.

Speaking ahead of the meeting, Dombrovskis said he expected good progress in talks with Greece that will enable the return of the institutions to Athens.

A high-ranking European official has ruled out any chance that the second review of the country's third bailout will be concluded by Monday's Eurogroup.

The official, who declined to be named, said that at best, and if the leftist-led coalition accepts creditors' proposals, eurozone ministers will green-light the return of technical experts to Athens to continue negotiations.

There are costs in delaying agreement on Greece's bailout review, the European Commission's vice president responsible for the euro was quoted as saying on Thursday, and a solution needs to be found swiftly.

Inconclusive talks between Greece and its international creditors on economic reforms and debt relief have cast doubt over the future of Greece's 85 billion euro bailout program.

Greece and its lenders should quickly approve a review of reforms the indebted country must take in return for unlocking new loans, a senior European Union official said on Sunday, warning of financial instability in the eurozone if the issue lingers.

The European Commission (EC) warned that the recent announcements by Greek PM Alexis Tsipras to allocate part of the GDP surplus to low income pensioners, which resulted in a heated exchange of rhetoric between the Greek side, EU officials and the IMF, would delay the second review of the fiscal adjustment program.

Greece is broadly on track to meet this year's fiscal targets agreed with its euro zone creditors and its primary surplus goal for next year is also within reach, European Commission Vice President Valdis Dombrovskis said on Monday.

Greece has had to go through tougher austerity than it would have otherwise been necessary because of the populist stance of the left-wing government of Alexis Tsipras in 2015, European Commission Vice President Valdis Dombrovskis said on Monday.

Greece has had to go through tougher austerity than it would have otherwise been necessary, because of the populist stance of the left-wing government of Alexis Tsipras in 2015, European Commission Vice-President Valdis Dombrovskis said on Monday.