Jeroen Dijsselbloem

The European Commission said on Saturday Greece had reached a deal with its international lenders on a package of reforms.

The Commission said Greece would present the reforms at a meeting of eurozone finance ministers, known as Eurogroup, on May 24 and would implement the reforms ahead of another meeting on June 21, without giving further details.

Greece's creditors are reportedly examining a scenario whereby the country will be placed under "enhanced supervision" that will be linked to debt relief measures after its bailout ends in August, according to European Union sources.

Under the plan, any divergence - fiscal or other - will entail losses for Greece with regard to debt relief measures.

At the latest Eurogroup meeting the European Commission recommended an instrument of "strengthened surveillance" for Greece after the completion of its bailout program.

This is according to a letter that Eurogroup head Mario Centeno sent to the council's members.

It also said Athens has not asked for a credit line.

A few months before the scheduled expiry of Greece's third international bailout, in an exclusive interview with Kathimerini, Eurogroup Chairman Mario Centeno called on Greece to stick to economic reforms and talked about the post-bailout landscape, the implications of "enhanced supervision" and the significance of the International Monetary Fund's participation in the Greek program.

Eurozone finance ministers on Monday gave Greece a tight timetable for the completion of the fourth and final bailout review, the agreement on the post-bailout framework and the measures to ease its debt, so that everything will be completed by June 21.

Eurozone finance ministers on Monday gave Greece a tight timetable for the completion of the fourth and final bailout review, the agreement on the post-bailout framework and the measures to ease its debt, so that everything will be completed by June 21.

Greece remains vulnerable to domestic and external shocks, the head of the Eurogroup, Mario Centeno, warned on Tuesday. The Portuguese finance minister also told the Athens-Macedonian News Agency that restoring its credibility in the credit market will be a gradual and not automatic process for this country.

Greece eyes a comprehensive deal on post bailout era this June, Greek Financial Ministry sources said on Thursday, as the first round of talks between the government and international creditors' envoys for the fourth review of the current bailout program wrapped up in Athens.

Greece is close to receiving a new disbursement of loans from its eurozone creditors after having completed most of the required reforms, Reuters reported the head of the bloc's finance ministers as saying on Monday.

The first six months of the SYRIZA-Independent Greeks government in 2015 didn't just cost Greece 100 billion euros, but "probably twice as much," the former head of the Euro Working Group, Thomas Wieser, told Dutch newspaper De Volkskrant in an interview.