Financeministersofthe19-countryEurozonearescheduledtoelectanewchieftochairthegroupattheirDecembermeeting,saidoutgoingEurogroupPresidentJeroenDijsselbloemonMonda
Eurogroup President Jeroen Dijsselbloem said on Saturday afternoon that 18 Eurogroup financial ministers have rejected Greece's request for an extension so that it could put the creditors' proposals to a popular vote on July 5.
Eurogroup President Jeroen Dijsselbloem said on Monday the new proposals from Greek government which came in this morning were "a positive step" in the process and that it's possible to reach a deal within this week.
Eurogroup head Jeroen Dijsselbloem late Monday stopped short of giving any specific figures regarding the size of the fiscal gap in Greece's adjustment program.
Eurogroup president Jeroen Dijsselbloem admitted Thursday Greece would need a third bailout, saying its problems would not be solved by 2014.