Multi-speed Europe

HELSINKI ? Greece could be forced to leave the eurozone soon if it fails to meet the conditions laid down by the Eurogroup to receive further funding, the newspaper Helsingin Sanomat said on Thursday, quoting a secret memorandum by the Finnish Finance Ministry.

By Jan Strupczewski

Greece made another plea to the eurozone for cash to avert bankruptcy but was told to present an improved list of economic reforms within six working days for finance ministers to pave the way for any more lending, EU officials said on Thursday.

Greece could be forced to leave the eurozone soon if it fails to meet the conditions laid down by the Euro Group to receive further funding, the newspaper Helsingin Sanomat said, quoting a secret memorandum by the Finnish finance ministry.

Nearly seven in ten readers of the Telegraph’s online edition are of the opinion that Greece should leave the Eurozone since it damages the European economy.

The radical leftist Greek government has reportedly told lenders that it will run out of moneyh on April 9, urgently calling for an installment of a bailout tranche to be released before a latest list of reforms is approved.

Nevertheless, that request was turned down, according to Eurozone officials’ statements to Reuters. 

By Corina Ruhe

Eurogroup Chairman Jeroen Dijsselbloem said there?s a ?long way to go? to strike a deal on Greece?s aid proposals even after the Athens government responded to demands for more detail on its bid to end the deadlock.

By Lenka Ponikelska

While Greece may have one foot out the door, policy makers in the European Union's east are reopening the debate about whether to join the euro area after years of shunning the currency during the global financial crisis.

The Greek finance ministry claimed that a Euroworking Group meeting took place within a positive climate, after a 27-page-long explanation of planned reforms sent to the Brussels Group on Wednesday morning.

Greece's future in the eurozone is not in question and the government will reach a deal with the country's creditors, Templeton Emerging Markets Group Chairman Mark Mobius said in an interview published by Naftemporiki daily on Tuesday.

Officials representing Greece and its lenders on Saturday began discussing the reform proposals put forward by Athens in order to secure further bailout funding but the prospect of a Eurogroup meeting being called in the next few days to approve such a disbursal appear slim.