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Eurogroup REFUSES to agree debt relief and delays decision on "bailout"

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Greece on the BRINK: Eurogroup REFUSES to agree debt relief and delays decision on bailout

BY ANDREW CHEETHAM ON 16 JUNE 2017 GMT
https://www.davidicke.com/article/415977/greece-brink-eurogroup-refuses-agree-debt-relief-delays-decision-bailout



‘Greece is being pushed to the brink of bankruptcy today after the Eurogroup president said the country would still not receive the much-needed debt relief needed.

Head of the International Monetary Fund (IMF) fund Christine Lagarde is meeting with eurozone finance ministers in a last chance bid to thrash out a deal.

Led by Germany, the bloc has so far failed to see eye-to-eye with the fund over Greece’s latest rescue, in particular the issue of debt relief.

The disagreement has blocked a £6billion loan payout to Athens, which the Government needs in order to make vital repayments in July.

Today Eurogroup President, Jeroen Dijsselbloem, said today that Greece will have to keep waiting for details on how much debt relief it will get even though its bailout programme is reaching an end.’


Read more: Greece on the BRINK: Eurogroup REFUSES to agree debt relief and delays decision on bailout


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