Alongside growing impatience and disunity between Greece and its euro zone neighbors, concerns are rising over its funding needs. The country desperately needs the last tranche of aid from its bailout program, but Dijsselbloem was clear that no money would be released before reforms were made.
"There can be no talk about early disbursement if there is no agreement and no implementation (of reforms)," he said, although he added that there was a possibility that Greece could receive smaller chunks of emergency aid as it makes reforms.
Naeem Aslam, chief market analyst at Ava Trade, said on Monday that Greece was not likely to receive any money soon.
"Greece has, without any doubts, put forward a number of reform proposals since last week. However, they are not meaningful (enough) for creditors to release 1.7 billion euro ($1.8 billion) payment which Greece badly needs…if Greece does not fulfil its promises, it is highly likely that they will not see another cent," he said in a note.
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Whether Greece can continue to service its debt obligations is a key question for investors, with key repayments of IMF loans due throughout March. Analysts at Investec Capital Markets said in a note Monday that investors were focused on whether Greece could need yet another bailout.
"Although we would be surprised if the words 'third' and 'bailout' were not used together on occasion, the focus will be on assessing whether the promised actions from Finance Minister Varoufakis will be sufficient to authorize a further disbursement under the current program before Greece begins to encounter problems with meeting its obligations," the analysts said.