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Greece's lenders, namely the European Commission, the European Central Bank and the International Monetary Fund have approved the list of reforms proposed by the Greek government, as reported by the German news agency DPA that refers to senior European officials.

According to analysts, the fact that Eurogroup President Jeroen Dijsselbloem has convened an emergency teleconference, at which the finance ministers of the euro zone member states will discuss the Greek proposals, reflects the positive response to them. The teleconference is scheduled for 03:00 pm.

Dijsselbloem had stated earlier that he would convene the Eurogroup only if the three lending institutions approved the Greek proposals.

"I am guardedly optimistic that we are gradually moving towards a solution," said German Vice Chancellor and leader of the Social Democratic Party Sigmar Gabriel.

"I can imagine a positive result of the negotiations," said Austrian Minister of Finance Hang Georg Schelling.

Meanwhile, the content of the list of reforms, which Athens sent to the institutions (as the government calls the supervisory Troika) at midnight, has leaked in the media. It is very different from the information that government sources had disseminated earlier in the Greek media.
 
According to the text received in Brussels, Athens is bound not to interrupt the privatisations, which have been completed and triggered so far, to continue to reform the social security system, assuring that the plan for dealing with the humanitarian crisis in the country will not adversely affect public finances.

The Greek government has committed to conduct specific reforms in 14 sectors so that it achieves ratification of the 4-month extension of the bailout.

With regard to Greek banks, the document states that the Financial Stability Fund in cooperation with the single supervisory mechanism, the European Central Bank and the European Commission will guarantee the stability of the banking system.