NEWS

Dijsselbloem says decision on Greek bailout soon

TAGS: Finance, Politics

The eurozone’s top official has said a decision on whether Greece has done enough to get its hands on the next batch of rescue money that it’s due from its bailout program could emerge later Monday.

However, Jeroen Dijsselbloem sought to downplay expectations that a debt relief package for the cash-strapped country is imminent.

Speaking ahead of a meeting of the eurozone’s 19 finance ministers, Dijsselbloem said if "all goes well," then a deal about the disbursement can be secured.

Under the terms of the Greek bailout program, the country has to enact a series of economic reforms in order to get the bailout cash. Its creditors in the eurozone also said they would offer the prospect of debt relief if the country meets its side of the bargain.

"I expect, and [am] working on a deal today but it won’t be the end deal," Dijsselbloem said.

"We’ve always said the final concrete decision on extra debt relief measures will come at the end of the program, which will be next year." [AP]

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