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.'
GMT 13:21 2018 Thursday ,06 December
China demands Canada release Huawei's chief financial officerGMT 16:21 2018 Monday ,12 November
EU-Egypt partnership agreement to be fully applied in 2019GMT 18:24 2018 Tuesday ,23 January
French court throws out tax fraud case against JP MorganGMT 16:09 2018 Tuesday ,16 January
Strikes as Greece adopts industrial action revampGMT 14:08 2018 Friday ,12 January
Time over money? German union champions 28-hour work weekGMT 13:27 2018 Tuesday ,09 January
German metalworkers start strikes for 28-hour weekGMT 14:49 2018 Friday ,05 January
Lithuanian doctors rally for pay rise to halt exodusGMT 09:03 2017 Friday ,29 December
Watchdog slams Lufthansa over 'algorithm' price hikesMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor