NEWS

Finnish finance minister unsure over Greece decision

Finland’s finance minister said early on Tuesday she was unsure whether eurozone finance ministers would approve Greece’s next loan tranche at a meeting later in the day.

“I’m not at all sure that it will happen. More information is needed before a decision can be made, so the situation is very much open,» Jutta Urpilainen told reporters after a parliamentary briefing.

Finance ministers had been seen as likely to give tentative approval for the next tranche on Tuesday though the money is unlikely to be disbursed before December and a deal on debt reduction may require further talks.

Urpilainen repeated that Finland was ready to give Greece more time to reach its financing program targets but said a restructuring of its debt was out of the question.

[Reuters]