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Even President of the Eurogroup Jeroen Dijsselbloem said it was possible to find a solution to the Greek issue before the scheduled meeting on 18 June. According to him, the Greek proposal is "not good" on the one hand but "just some issues have to be settled" on the other.

The change in attitude towards Greece followed the statement of Angela Merkel to journalists that "Where there is a will there is a way. The goal is to keep Greece in the euro area."

The main concern expressed by all was associated with the consequences that would follow if Athens and the creditors did not conclude an agreement by 30 June, when the second bailout expires and Greece has to pay the International Monetary Fund the sum of 1.6 billion euro.

Meanwhile the credit rating agency Standard & Poor's has downgraded Greece to CCC from CCC + with negative trends.

Agency experts believe that, without an agreement with creditors, the Greek government will most likely bring the country to bankruptcy within a year.

According to Standard & Poor's, the Greek sovereign debt cannot be sustainable without reforms and profound changes in public administration.