Thursday, August 17, 2017

Greece, creditors stepping up talks as debt deadline looms

By on March 20, 2017

BRUSSELS — Greece and its international creditors are stepping up talks on issues holding up the release of more loans to keep the country’s debt-wracked economy afloat.

Eurogroup chairman Jeroen Dijsselbloem said finance ministers from the 19 nations that used the shared euro currency agreed Monday on more talks “intensified in the coming days here in Brussels.”

He said the aim is to “clear those last big issues out of the way,” including tax, pension and labor market reforms.

It’s hoped the problems can be resolved by the next Eurogroup meeting on April 7, but Dijsselbloem said “there is no promise that all the work will be done by then.”

Greece must pay around 7 billion euros ($7.4 billion) in July and without more loans it faces a potential exit from the euro.

image_print

You must be logged in to post a comment Login

Start your Free Trial for a limited time!