Eurogroup chief Jeroen Dijsselbloem on Monday urged Greece to stop wasting time in negotiating a reform package with its international lenders. Arriving at the Eurogroup meeting in Brussels on Monday afternoon, Dijsselbloem said "little has been done" over the past two weeks and that the real discussions haven't even begun yet, according to media reports. Greece needs to agree on a range of reforms to unlock the next tranche of financial aid from its lenders, or the country will be at risk of running out of cash later this month. On Friday, Greece submitted an economic reform proposal, but Dijsselbloem said on Sunday that it was "far from complete". Other Eurogroup members echoed Dijsselbloem's message on Monday, with Malta's finance minister, Edward Scicluna, telling reporters that the Greek reform program "needs a lot of work" and Eric Wiebes, the Dutch state secretary for finance, declaring the proposal insufficient.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below