Tags: EU | Greece | Bailout

EU Finance Ministers to Discuss Greek Debt Burden

EU Finance Ministers to Discuss Greek Debt Burden

Monday, 09 May 2016 05:57 AM EDT

BRUSSELS (AP) — European Union finance ministers are converging on Brussels for talks aimed at breaking a months-long deadlock over whether to release more aid to help bolster Greece's shattered economy.

The meeting starting Monday afternoon comes after Greece's parliament voted on Sunday to reform the debt-ridden country's pension and tax systems, which would raise social security, pension contributions and taxes.

The government in Athens hopes that the move will encourage its creditors to ease its debt burden.

But apart from the International Monetary Fund, most of Greece's creditors, including the European Commission and European Central Bank, are against restructuring the debt.

The eurogroup talks come after three days of strikes in Greece over austerity measures. The stoppages shut down services from public transport to garbage collection.

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 This material may not be published, broadcast, rewritten or redistributed.


Europe
European Union finance ministers are converging on Brussels for talks aimed at breaking a months-long deadlock over whether to release more aid to help bolster Greece's shattered economy.The meeting starting Monday afternoon comes after Greece's parliament voted on Sunday...
EU,Greece,Bailout
126
2016-57-09
Monday, 09 May 2016 05:57 AM
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