Greece and the Creditors with breakthrough in negotiations

Greece and it's creditors have reached a breakthrough in negotiations on the allocation of the next tranche of bailout, reported DPA, citing sources familiar with the negotiations.

Sources indicate that there has been a political compromise on further spending cuts and reforms.
The compromise allows Greece's creditors to complete examination of the finances of the country to unblock the next tranche of the loan in June 2015.

Greece needs the loan in the coming months from the European Stability Mechanism (ESM) - the eurozone rescue fund - to be able to make payments on its debt in the summer.

The president of the Eurogroup Jeroen Deyselblum pointed out that there are positive expectations for a breakthrough in the difficult negotiations for the Greek rescue plan, but stressed that the comprehensive political agreement can not be reached at today's meeting of finance ministers of the eurozone.

According to Deyselblum " the good thing is that we achieved results in recent days."

It is also expected the eurozone ministers today in Malta to agree on the return of the heads of institutions in Athens in order to continue negotiations with Greece on its bailout program, according to an European source.

Anonymous senior official of the European Commission told the British agency that "today there will be an agreement at the Eurogroup meeting in Malta for the return of institutions in Athens."

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