Finance Minister Edward Scicluna expects no progress will be registered on Greece by the end of the month, when the country is expected to pay the International Monetary Fund some €1.5 billion or officially default on its debts.

In comments made after a meeting of the Eurogroup - the Eurozone's finance ministers - Prof. Scicluna also said that the time may have come the lid on secrecy over negotiations concerning Greece's bailout, suggesting that public opinion could help influence developments and possibly put an end to the present stalemate.

Discussions on a possible aid package to the country have reached a stalemate as its government is unwilling to accept the conditions being set, stating that they would push the country deeper into recession. But creditors - including the rest of the Eurozone - are unwilling to concede much at this stage.

Whilst Prof. Scicluna told journalists that as things stood, he did not expect any developments to happen by the end of the month, he pointed out that "nobody wants to pull the plug" just yet, and everyone was willing to provide Greece with all the time necessary until the end of the month.

But the minister also argued that the time may have come to provide more information to the public about negotiations.

"I think that the people, in Greece and in all euro area countries, ought to know what has taken place, what has been offered, how watered down the conditions have become, and what the Greek government accepted or did not accept," he said.

"Because public opinion needs to know, and this would influence the evens themselves."

He added that he did not believe that Greeks or their government wanted to leave the Eurozone, but warned that "the actions and the situations are leading to that."

Prof. Scicluna said that creditors were effectively on the same page, pointing out that none wanted to discuss a "last-minute plan" submitted by Greek Finance Minister Yanis Varoufakis. The reason for their refusal, according to the minister, was the lack of detail, but he also insisted that ultimately, such proposals should first be looked into by representatives the European Commission, the European Central Bank and the IMF.

Asked to comment on his call for more information, the minister noted that there was typically a reason why negotiations of all kinds were carried out in secret, to avoid being influenced by outside developments. But he argued that in this case, the situation may have changed.

"Maybe until now (the secrecy) was justified, but I'm seeing that the time for transparency and giving out all the information has come," he said.

The EU remains hopeful that a solution will be reached until the end of the month, the minister maintained.

"Nobody wants Greece to get out (of the Eurozone), not even the Greek government, but that is what is going to happen if nothing happens," Prof. Scicluna warned.

In the meantime, he said, finance ministers are all on standby, expecting to be summoned for another emergency meeting as the situation continues to deteriorate.