Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

Greece, Creditors Fail to Bridge Differences on Bailout

Greece's debt-laden economy has been kept afloat in recent years by tens of billions of euros in bailout loans

A woman pulls a shopping trolley next to a Greek and an EU flags at a main street of Athens, Thursday, Jan. 26, 2017, photo: AP/Yorgos Karahalis
11 months ago

BRUSSELS – Greece and its international creditors failed Thursday to bridge their differences and move toward finishing an important review of the bailout program that is keeping the country’s economy afloat.

The president of the group of nations using the shared euro currency, Jeroen Dijsselbloem, chaired the talks between the eurozone’s 19 finance ministers in Brussels. He said a few problems must still be resolved before the bailout review can take place, including an agreement on reforms in Greece and Greece’s midterm fiscal strategy.

“A quick finalization of the second review is in everybody’s interest,” he told reporters.

Dijsselbloem said he was cautiously optimistic about a breakthrough, in part because the Greek economy has been recovering faster than expected and is set to “over-perform its 2016 fiscal target.”

Greece’s debt-laden economy has been kept afloat in recent years by tens of billions of euros in bailout loans. The country’s debt stands at about 180 percent of its gross domestic product.

The International Monetary Fund and the eurozone are at odds over how much debt relief Greece should receive. Many in the shared currency group, led by Germany, are refusing an outright “debt haircut.” Most, however, want the IMF to remain on board the bailout program, for its expertise as much as for the funds it has been providing.

Dijsselbloem said an agreement must still be reached over reforms to Greece’s labor and product markets, its energy sector and other areas. He said he hopes technical teams can resume talks on the bailout review in Athens “in the near future.”

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Fast-moving flames force people to flee ...

2 days ago
Entertainment

Prosecutors: No charges against conducto ...

2 days ago
Latest News

Southern snowfall isn't deep, but many f ...

2 days ago
Latest News

New Mexico school shooter left note plot ...

2 days ago
Most Popular

Mexico's Industries seek U.S. Partner Co ...

By Rosalba Amezcua
Business

Cuba to Lift Penalty on Dollar but Warns ...

By The Associated Press
Business

Switzerland to Hand Venezuela Oil Firm B ...

By Reuters
Business

Mexico and Germany Sign Agreement Suppor ...

By Notimex
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business