EUROZONE-GREECE/EUROGROUP-ROUNDTABLE Eurogroup meets to discuss third Greek bailout

Record ID: 144040

  • Title: EUROZONE-GREECE/EUROGROUP-ROUNDTABLE Eurogroup meets to discuss third Greek bailout
  • Date: 14th August 2015
  • Summary: BRUSSELS, BELGIUM (AUGUST 14, 2015) (REUTERS) VARIOUS EXTERIORS OF EUROPEAN COUNCIL BUILDING
  • Embargoed: 29th August 2015 13:00
  • Keywords:
  • Location: Belgium
  • Country: Belgium
  • Topics: General
  • Reuters ID: LVAZH89E97RCYGJOLXE5MWQR2CT
  • Aspect Ratio: 16:9
  • Story Text: Finance ministers from the eurozone met in Brussels on Friday (August 14) expecting to give their final blessing to lending Greece up to 85.5 billion euros after parliament in Athens agreed to stiff conditions overnight.
    German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic on the merits of giving Greece a third bailout to keep it in the EU's common currency area, voiced optimism as the meeting began that it would end with an accord that will give Athens the funds needed to meet a loan repayment next week.
    However, some issues still need to be ironed out following a deal struck on Tuesday by negotiators from the European Commission, European Central Bank and International Monetary Fund. Among these are how to ensure the IMF remains involved in overseeing the new eurozone programme while delaying satisfying IMF calls for debt relief for Greece until a review in October.
    After arguing all night, the Greek parliament gave its backing to leftist Prime Minister Alexis Tsipras, though he had to rely on opposition votes after nearly a third of his own supporters rebelled, forcing him to consider a confidence vote that could pave the way for early elections.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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