Eurozone finance ministers will meet again in Brussels later today to finalize a deal to clear the next tranche of financing for Greece after failing to forge an agreement on November 21. Once the deal is struck, lenders will release a loan installment worth EUR 31.5 billion to the troubled euro nation. The ministers held a conference call on Saturday to clear the hurdles before the Monday meeting. Speaking to the French media on Sunday, French Finance Minister Pierre Moscovici said the Eurogroup is close to a deal. Pointing out that a solution is "possible" at the meeting, the minister said "we made strong progress", meaning the Europeans will have a common position" at today's discussions. After last week's meeting, Eurogroup President Jean-Claude Juncker said the ministers have made progress in identifying "a consistent package of credible initiatives aimed at making a further substantial contribution to the sustainability of Greek government debt." The disagreements between the creditors were far more evident in the recent meetings with the European Central Bank and Germany refusing to accept a Greek debt write off while the International Monetary Fund was reluctant to approve a two-year extension to the Greek bailout program, which may leave a funding gap of around EUR 32.6 billion. Leaders of the bloc's twenty-seven member states failed to reach an agreement on the region's seven-year budget at a two-day European Union summit that ended in Brussels on Friday. The European Commission had initially proposed a budget of EUR 1.03 trillion for 2014-2020, representing a five percent increase over the 2007-2013 budget.