The Euro Working Group (EWG) came to a “broad agreement” on Greece during its Friday meeting concerning the implementation of prior actions for Greece. Eurozone sources said on Friday that the institutions of Greece’s lenders (EC, ECB, IMF, ESM) completed a positive compliance report that was presented to the eurozone finance ministry representatives.

There are still details that need to be clarified before an agreement can be reached on Saturday.

Following this, a formal approval will allow for the disbursement of a 2-bln-euro subtranche for Greece as well as the transfer of funds for the recapitalization of Greek banks to the Hellenic Financial Stability Fund (HFSF) from the European Stability Mechanism.