The Eurogroup is on Monday likely to endorse the progress made in the negotiations between Greece and its creditors in the last couple of weeks but the conclusion of the last review of the second bailout program is not in sight yet. History teaches the two parties may be able to agree on measures to fill the estimated fiscal gap but it will be harder to agree on other structural reforms. To bridge the gaps, it requires mutual concessions and political statesmanship, especially in Greece.
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