Eurozone urges progress on reforms in Greece

Eurozone urges progress on reforms in Greece

German Finance Minister Wolfgang Schauble, left, speaks with his French counterpart Pierre Mosocovici, during a joint press conference held at the Finance Ministry in Paris Monday Jan. 27, 2014, at the end of a Franco-German summit on the economy. (AP Photo/Remy de la Mauviniere)

BRUSSELS (AP) -- Leading finance ministers of the 18-nation eurozone are urging bailed-out Greece to step up its efforts to meet agreed reform and privatization targets.

The Netherlands' Jeroen Dijsselbloem said Monday in Brussels ahead of a meeting of the bloc's finance ministers there was "far too little" progress toward resolving outstanding issues with Greece.

Germany's Wolfgang Schaeuble said "further efforts are needed" and Austria's Michael Spindelegger said there was concern regarding structural "reforms and the privatization program."

Greece's negotiations with its bailout creditors — the International Monetary Fund and its European partners — are months behind schedule amid disagreements over cost-cutting measures and reforms. The next batch of its emergency loans will only be disbursed after an agreement.

Ministers are to be briefed about the stalled talks Monday.