Eurogroup: Measures and debt relief for release of first tranche

May 9 Eurogroup just the first step to reaching a deal

The May 9 Eurogroup meeting will focus entirely on the progress of talks between Greece and the institutions, according to the official agenda announced Wednesday. According to the agenda, a deal on May 9 is highly unlikely, with the meeting serving as the start of talks on the Greek matter until the next Eurogroup meeting on May 24. Time is running out for both Greece, as the issues of the Greek debt relief and the method of implementing the extra measures have not yet been resolved. ‘The talks will cover a comprehensive reform package of policies, as well as the sustainability of the Greek debt ‘, reads the agenda announcement.