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]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.