Eurozone finance ministers to discuss Greece, but no deal in sight

GMT 03:14 2015 Saturday ,25 April

Arab Today, arab today Eurozone finance ministers to discuss Greece, but no deal in sight

Prime Minister Alexis Tsipras
Riga - SPA

Eurozone finance ministers were set Friday to tackle Greece's economic woes, but with few signs yet that the cash-strapped country will manage to access coveted bailout funds, dpa reported.

The leftist government of Prime Minister Alexis Tsipras has been struggling to agree with Greece's international creditors on reforms that would unlock 7.2 billion euros (7.8 billion dollars) remaining under the country's existing international bailout.

The currency bloc's ministers had initially agreed with Greece that the reforms should be finalized by the end of this month. But the two sides are still 'a significant way away from being able to signal that a result is in sight,' an EU official said this week on condition of anonymity.

The European part of Greece's bailout is due to expire at the end of June. If a deal is not struck before then, Athens may lose the remaining aid altogether.

European Commission Vice President Jyrki Katainen, one of the EU's top economy officials, said during a visit to Greece on Thursday that trust between the two sides had 'decreased.'


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