European Commission: Conclusion of second review as soon as possible

"The Commission is working hard with the Greek authorities and the other partners to achieve the best possible progress ahead of the Eurogroup meeting," he said adding that "the aim is to have the second review concluded as soon as possible".

Referring to the letter of compromise, he said that such issues are discussed within the context of the negotiations and among the Eurogroup members. Finally, Schinas underlined that the European Commission is focused on a 'constructive' discussion in order to continue the cooperation and facilitate the further progress.

Additionally, a community source referred to European institution's pleasure over IMF chief Christine Lagarde's statement in which she expressed her commitment to the Greek programme after her meeting with German Finance Minister Wolfgang Schaeuble in Davos. "We feel reassured by Lagarde's statement that the Fund remains committed to the implementation of those agreed," said the same source.