Greece to dominate European deliberations in Brussels in the next two days

ECB president Mario Draghi and IMF managing director Christine Lagarde will attend its meeting.

A Eurogroup Working Group meeting is expected to be held before the Eurogroup, during which Professor George Chouliarakis representing Greece will present the country's positions.

According to EU Commission representatives, the prospects of an agreement being reached on Wednesday's Eurogroup are limited; however, reaching a mutually beneficial solution by February 16 Eurogroup cannot be ruled out. Commission sources noted that in order to have an agreement by February 16, all sides should move from their initial position.

During an informal European Council on February 12, Eurogroup President Jeroen Dijsselbloem is expected to brief European leaders on the result of the negotiations on Greece.

As European Council President Donald Tusk said in his letter to the heads of state and governments ahead of the meeting of the European Council, Greece will dominate the discussion on the coordination of economic policies within the Economic and Monetary Union. The issue of Greece will be discussed in the presence of Draghi and Dijsselbloem. "I have also asked the President of the Eurogroup to debrief us on the procedural aspects concerning discussions on Greece within the Eurogroup," Tusk said in his letter.

The informal European Council meeting will also discuss the situation in Ukraine, the relations with Russia and the fight against terrorism in the light of the recent attacks in Paris.