The European Commission confirmed late on Saturday that there will be no conclusion of the latest troika review of the Greek adjustment program this month.

Simon O'Connor, a spokesperson for economic and monetary affairs, said in a brief statement that although some troika inspectors were due to return to Athens next week, negotiations would not have a chance of concluding until January at the earliest.

“Technical discussions are expected to continue in Athens next week,” he said.

“We expect a full negotiating team to return to Athens in January, after the authorities have made further progress in implementation, with the objective of reaching a staff level agreement.”