Eurozone ministers extend Greek bailout by two months

Eurozone ministers extend Greek bailout by two months
By Euronews
Share this articleComments
Share this articleClose Button

Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to

ADVERTISEMENT

Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to release a final aid payment.

“We need to get this done, we need to – as soon as possible – finalise this review. One month is too short was the general understanding, also from the troika institutions. Two months can be done,” said Jeroen Dijsselbloem, the head of the Eurogroup, the informal body that coordinates policy for the single currency area.

Greece is waiting on a credit line of 1,8 bn euros.

But the government could collapse in two months time if it fails to win the necessary 180 votes to elect the country’s new president.

Greece returned to growth this year after six consecutive years of recession, creditors want more austerity.

But Greek PM Antonis Samaras has repeated said there will be no further cuts with his eyes focused on domestic politics, reports Euronews’ Efi Koutsokosta.

He’ll have to contend with a presidential election and the scenarios for early parliamentary elections.

Share this articleComments

You might also like

Ukraine 'not fully satisfied' with new EU grain deal but can make it work, says agriculture minister

Should the EU continue to support Ukraine? Our poll finds Europeans are in favour

Europe’s destiny intertwined with Ukraine’s, EU Liberals chief says in Kyiv