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No deal expected on Greek debt at crucial Eurogroup talks


Luxembourg

No deal expected on Greek debt at crucial Eurogroup talks

Optimism is in short supply as European finance ministers meet with the Greek debt crisis dominating the agenda.

No one is expecting any progress as the creditors are waiting for new proposals from Athens.

The Greek government has already made it clear that they have made adequate suggestions to meet the financial targets and the margins for pension cuts are exhausted.

Germany says it is hopeful that an agreement can be reached before June 30, but the government is also preparing for the worst.

Austrian Chancellor Werner Feymann, who travelled to Athens on Wednesday, said “I can’t see a solution in front of me, but if we are convinced we want one, we have a good chance.”

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