Tags: EU | Greece | Bailout | The Latest

The Latest: Greece to Get 'more Clarity' about Debt Deal

The Latest: Greece to Get 'more Clarity' about Debt Deal

Thursday, 15 June 2017 07:38 AM EDT

LUXEMBOURG (AP) — The Latest on the Greek bailout discussions (all times local):

1:05 p.m.

The eurozone's top official says Greece will get more clarity about the sort of debt relief it will get when it concludes its third bailout program next year.

However, Jeroen Dijsselbloem said the scale of the debt relief offered to Athens won't emerge at Thursday's meeting of the eurozone's 19 finance ministers.

He said ahead of the meeting of the so-called eurogroup: "Today, we will give more clarity to Greece."

The International Monetary Fund, which has contributed financially to the first two bailouts but not the third, has wanted more information about what may be on offer to Greece for it to get more involved in the current program.

Dijsselbloem said he hoped the meeting will mark a "major step forward" that builds on "the huge step that Greece put in."

Euclid Tsakalotos, Greece's finance minister, said he is "optimistic" about the prospects of a deal later.

11:30 a.m.

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 This material may not be published, broadcast, rewritten or redistributed.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
The Latest on the Greek bailout discussions (all times local):1:05 p.m.The eurozone's top official says Greece will get more clarity about the sort of debt relief it will get when it concludes its third bailout program next year.However, Jeroen Dijsselbloem said the scale...
EU,Greece,Bailout,The Latest
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2017-38-15
Thursday, 15 June 2017 07:38 AM
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