Eurogroup is the main forum for the eurozone management, comprising finance ministers of states that use euro as their currency. The Eurogroup meets once a month, with the European Commission's Vice-President for Economic and Monetary Affairs and the President of the European Central Bank also participating.
"The Eurogroup will work constructively with the new government and, as before, stands ready to continue accompanying Greece in its reform efforts. But first, it is up to the Greek electorate to vote for a new government," Simone Boitelle, spokesperson for the President of the Eurogroup Jeroen Dijsselbloem, told Sputnik.
"Countries that have implemented major comprehensive reforms, such as for example Greece (or Spain, Ireland, Portugal) have successfully returned to growth. Greece has come a long way already, but is not there yet," Boitelle noted.
On Sunday, the Wall Street Journal published a report claiming that, despite expectations, the eurozone crisis was not overcome in 2014, with economic growth remaining weak and the common currency reaching its lowest level against dollar in almost a decade.
A possible exit by Greece from the eurozone has been in the spotlight following the failure of the country's parliament to elect a president in the final round of voting. As a result, the Greek parliament will be dissolved, and a snap election will take place on January 25. The opposition party Syriza, which promised to reconsider the country's agreements with foreign creditors, is likely to win the upcoming election, according to polls.
The so-called possible "Grexit" has raised concerns of the European financial analysts on the future of the eurozone.
