Prime Minister Joseph Muscat gave comments to the press following the Eurogroup Heads of State Summit in Brussels and is hopeful that an agreement with Greece will be found this week.

"Today's meeting contributed a great deal to the movement of things, and Greece sent what one can describe as the first acceptable draft of proposals".

The previous proposals were abstract, based solely on revenue measures, on new taxes he said. "This proposal shows the realisation that certain spending cuts need to be made".

"Tonight is the first positive step, however only remains a step. The ball is again in the Finance Ministers' court and hopefully they can reach an agreement on Wednesday which they can pass on to the Heads of State".

He explained that the Greek situation, regarding the unlocking of bailout funds, will probably take up a part of the upcoming Summit.

He stressed that in the next Summit this week, an agreement might be found. "On our part we have realised that there might need to be a move on the debt structure in relation to Greece, however it doesn't seem that one is going towards some sort of haircut".

He mentioned that EU leaders are open to consideration on the grace period regarding interest repayments.

He did not commit himself as to how sure he is that an agreement would be found, however again stressed the positivity of today's meeting. He said both sides are finally communicating in the same language.

"The aim of this Summit was to get Greece moving and we have a first draft to get Greece moving. It served this purpose".

He stressed his hope that a common sense compromise and convergence will be seen.

He also spoke about the Greek electoral promises, adding that they are unsustainable given the current draft proposal.  "They have to seek a wider and broader consensus within the Greek Parliament to deliver this agreement".

He explained that there are measures that can be considered anti-growth, and that the institutions (IMF, the European Commission and the European Central Bank) must focus and analyse the proposals, come to the table and iron out the details.