Eurogroup expected to approve disbursement

Speaking to reporters, during a news conference, after the completion of a round of meetings with top government ministers in Athens, the EU Economic and Monetary Affairs Commissioner expressed his satisfaction over "a spirit of cooperation and confidence" restored between the institutions and the Greek government following the signing of the agreement on July 12.
Moscovici said his visit's aim was to prepare the next steps, such as the November 9 Eurogroup, which will be very important and stressed that "by the end of the week the government has to take difficult decisions". He added that both sides would reach a good compromise, while commenting on the recapitalization of banks he said that the release of capital needs is a very important step showing that the way was open.

Earlier on Wednesday, a top Eurozone official  expressed the hope that Greek authorities and representatives of the institutions could reach an agreement by Monday, 9 November -when a scheduled Eurogroup meeting in Brussels will take place- to disburse the sub-installment of 2.0 billion euros to Greece.
"I hope that by Monday an agreement will be reached on the implementation of prior actions included in the first package of measures," the official said here.