Athens Expects Eurogroup to Make Statement on Debt Relief Prospects
Athens Expects Eurogroup to Make Statement on Debt Relief Prospects
Sputnik International
Greece is waiting for the Eurogroup ministers to make a statement on the debt relief issue, a source close to the EU institutions told RIA Novosti on Monday. 09.05.2016, Sputnik International
Greece is waiting for the Eurogroup ministers to make a statement on the debt relief issue, a source close to the EU institutions told RIA Novosti on Monday.
BRUSSELS (Sputnik) — Later in the day, the Eurogroup is expected to convene a meeting to discuss the "state of play of the first review of the macroeconomic adjustment programme to Greece," according to the draft agenda of the meeting.
"Athens hopes for the positive statement of the Eurogroup about the prospects of debt relief," the source said.
The source added that at the same time no decisions on the issue were expected to be made.
The Greek economy has been severely strained for several years due to the country’s multibillion debt, accumulated after the 2008 world financial crisis.
Greece's international creditors signed an agreement with Athens last summer, approving a third bailout package worth about 86 billion euros ($97.9 billion at the current exchange rates) in exchange for highly unpopular austerity reforms, including pension cuts and tax hikes. However, the creditors have repeatedly said that there is no need in reduction of the nominal value of Athens' debt.
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