The Eurogroup held an in-depth discussion on the Greek authorities new request for financial assistance from the European Stability Mechanism (ESM) and their new proposals for a reform agenda. Greece submitted the new reform plan on Thursday, 9 July 2015.
Ministers agreed to adjourn the meeting until 11.00 on 12 July 2015.
The discussion was based on the first assessment of the Greek proposals by the three institutions - the European Commission, the European Central Bank and the International Monetary Fund. The institutions also evaluated risk to the financial stability in the euro area, Greece's financing needs and its debt sustainability. The assessment was sent to the Eurogroup President on the eve of the meeting.
"It is still very difficult, but work is still in progress", said Eurogroup President Jeroen Dijsselbloem after the meeting.