No deal made on Greece, officials to reassemble on Thursday

Finland’s Finance Minister, Alexander Stubb, announces that officials have planned to reassemble on Thursday as Eurogroup meeting ends without deal on Greece bailout

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

The Eurogroup meeting ended on Wednesday without any agreement on Greece bailout. Officials are said to meet once again on Thursday on a deal regarding plans to end the economic crisis in the country.

Greece’s creditors presented new counteroffers to Athens on Wednesday to overcome the indifferences regarding Greek government’s plan to end the economic crisis, but these proposals were rejected by Greece while time is running out for the country to pay its debt to the International Monetary Fund (IMF).

Greek Prime Minister, Alexis Tsipras met with lenders on Wednesday to reach an agreement upon their proposals.

The Eurogroup meeting ended on around 8:30pm. Tsipras had the meeting with the institutions’ heads, Jean-Claude Juncker (EU Commission), Mario Draghi (ECB), and Christine LaGarde (IMF).

The Greek prime minister is said to have left the meeting without making any statements regarding the issue.

Financial lenders have rejected to give the financial aid needed without the addition of more economic reforms.

European officials delayed the meeting to Thursday, giving the Greek parliament time to pass the needed reforms, before the debt deadline.

Greece has been pushing creditors to write off part of its huge public debt, arguing that without this step the economy would not recover from the crisis.

The country needs financial assistance to pay its 1.6-billion-euro debt to the IMF at the end of the month.


TRTWorld and agencies