Tags: EU | Greece | Bailout

Greece Hoping to Finally Secure Long-term Debt Relief Deal

Greece Hoping to Finally Secure Long-term Debt Relief Deal

Thursday, 15 June 2017 05:39 AM EDT

LUXEMBOURG (AP) — Greece is hoping to secure more bailout funds to meet a summer debt repayment hump as well as a debt relief deal at a meeting of finance ministers from the 19-country eurozone.

The country, which has been promised help on its mountain of debt once its bailout ends next year, is again the main topic of discussion at a meeting of the so-called eurogroup Thursday.

The main obstacle to an agreement is a difference of opinion between the eurozone and the International Monetary Fund over Greece's long-term debt outlook.

The expectation is Greece will get the roughly 7 billion euros ($7.8 billion) due, but will struggle to clinch the outlines of a debt relief deal that Prime Minister Alexis Tsipras thinks is crucial for the country's economy in the long-term.

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 This material may not be published, broadcast, rewritten or redistributed.


Europe
Greece is hoping to secure more bailout funds to meet a summer debt repayment hump as well as a debt relief deal at a meeting of finance ministers from the 19-country eurozone.The country, which has been promised help on its mountain of debt once its bailout ends next year,...
EU,Greece,Bailout
132
2017-39-15
Thursday, 15 June 2017 05:39 AM
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