Tags: EU | Greece | Bailout

Greece, Creditors Still Weeks Away from Bailout Targets Deal

Greece, Creditors Still Weeks Away from Bailout Targets Deal

Thursday, 11 February 2016 05:43 PM EST

BRUSSELS (AP) — Greece and its international creditors are still weeks away from any possible agreement about the targets that Athens must meet to secure billions to rebuild its shattered economy.

The chairman of the 19 nations using the euro single currency, Jeroen Dijsselbloem, said Thursday "further work is needed in a number of areas before a staff-level agreement can be reached." He said technical-level talks must continue at a good pace so senior officials can return to Athens "and reach agreement in a few weeks."

In return for a bailout worth around 80 billion euros ($87 billion), Greece's left-led government has to meet a series of conditions, from reducing spending to enacting wide-ranging economic reforms.

Unions representing groups as disparate as farmers, police, fishermen and lawyers fiercely oppose the reforms.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Greece and its international creditors are still weeks away from any possible agreement about the targets that Athens must meet to secure billions to rebuild its shattered economy.The chairman of the 19 nations using the euro single currency, Jeroen Dijsselbloem, said...
EU,Greece,Bailout
130
2016-43-11
Thursday, 11 February 2016 05:43 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved