The information pertaining to the fact that the Euroworking Group has not begun this morning even though it was officially announced vividly depicts the situation in Brussels and the uncertainty on whether there will be a deal between the lenders and the Greek government.

During the last few hours, there have been negotiations aplenty with everyone, but according to one source, the whole thing is reminiscent of quicksand.

The Euroworking Group was meant to begin on Friday morning, but has so far not started. This does not mean that tomorrow’s Eurogroup will not take place, but the situation is still fluid. If preparations are complete and there is common ground between the two sides then the Euroworking Group can take place at any moment and last from a period of five minutes, to five hours, in order to find common ground.