Finance ministers optimistic on Greek bailout deal – POLITICO.eu


German Finance Minister Wolfgang Schaeuble | Emmanuel Dunand/AFP via Getty Images

LUXEMBOURG — Greece is likely to get the next round of bailout cash that it needs to cover impending debt payments in July that amount to €7.4 billion.

Further debt relief measures tied to the country’s €86 billion bailout package, however, are unlikely to be agreed, said several eurozone finance ministers Thursday as they arrived for a Eurogroup gathering in Luxembourg.

A deal is widely expected after the International Monetary Fund signaled that it was willing to participate in the bailout program “in principle” without committing any cash to Greece.

The Fund’s participation in the package is a vital precondition for the German and Dutch parliaments — without it, the program could collapse.

That now looks unlikely. Slovakia’s Peter Kažimír insisted to reporters that “the IMF will be onboard,” adding that he hoped Greece’s “Euclid [Tsakalotos] will fly back home with a briefcase full of money.”

“I’m quite optimistic that we’ll find a common solution,” Germany’s Wolfgang Schäuble also said.

Belgian Finance Minister Johan Van Overtveldt agreed with his peers while reminding reporters that any talk of debt relief measures is only expected to happen at the end of Greece’s bailout program in 2018.

The size of the next round of disbursement will be communicated after the Eurogroup meeting, the president of the informal body, Jeroen Dijsselbloem, said.



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