“And the view of the [European] institutions is that if the Greek government commits to more reforms in the future, if it commits also to now implement reforms on the short-term, then there is the basis for a possible opening for negotiations for a program,” Moscovici said upon arriving for a Eurogroup session in Brussels.
He said the Eurogroup was to meet today in order to prepare decisions of the heads of states and governments from the eurozone who will meet in the afternoon later in the day.
On July 5 referendum, the Greeks voted against economic reforms demanded by the country’s creditors in exchange for further aid, fueling fears that the country may default on its debt.
On Thursday, Athens presented a revised plan that includes some of the creditors' requirements, including tax cuts and pension reforms.
During the talks on Saturday, the eurozone finance ministers failed to decide on whether to start discussions on further financial aid to Greece.