Euro zone finance ministers are meeting in Brussels to discuss a raft of reforms put forward by Greece to gain more funds and keep its banks afloat.
The signs suggest a compromise is on the cards as the key euro zone partners have hinted that a deal will be done.
Speaking during her visit to Japan, Germany’s Chancellor Angela Merkel said it was not so straightforward.
“Our political goal is to keep Greece in the euro zone. We have been working on this for many years. But it’s also true that there are two sides to this coin. On the one hand solidarity between European partners, on the other readiness to implement reforms and other commitments at home. On this, we clearly have a very difficult path ahead of us.”
Greece’s finance minister has raised the prospect of a referendum or early elections if its European partners reject its debt and growth plans.
But a new poll suggests a large majority of Greeks want their government to reach a compromise, a feeling echoed on the markets as stocks and shares in Athens dropped four percent on Monday.