Eurogroup May Make Final Decision on Greek Crisis on July 15 - Diplomat

© REUTERS / Pawel KopczynskiA broken piggybank painted in the colours of the Greek flag lies amongst various euro coins in front of letters spelling the word 'GREECE' in this picture illustration taken in Berlin, Germany June 30, 2015
A broken piggybank painted in the colours of the Greek flag lies amongst various euro coins in front of letters spelling the word 'GREECE' in this picture illustration taken in Berlin, Germany June 30, 2015 - Sputnik International
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The Eurogroup can reach an agreement on whether to start negotiations with Greece over a new loan program on July 15, a European diplomat said Monday.

BRUSSELS (Sputnik) — According to the source, the Eurozone leaders agreed on the necessity of Greece's parliamentary approval of austerity reforms, including pension and VAT, until July 15 before a decision on whether to start negotiations on a new bailout deal can be made.

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The source added that Sunday's Euro summit on Greece's debt issue may decide to hold another meeting via teleconference following the vote in Athens on Wednesday.

A woman looks at sandals from a shop as an a man passes by Greek and European Union flags in central Athens, Wednesday, July 8, 2015 - Sputnik International
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The Eurogroup came up with a list of recommendations earlier on Sunday that the Eurozone leaders are currently considering at the meeting in Brussels.

According to the Eurogroup, in order to receive financial assistance from international lenders Greece must adopt pension reform and taxation laws by Wednesday, July 15.

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