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The Latest: Germany, France Confident of Unlocking Greek Aid

The Latest: Germany, France Confident of Unlocking Greek Aid

Monday, 22 May 2017 06:38 AM

PARIS (AP) — The Latest on European Union finance ministers' meeting on Greek debt (all times local):

12:15 p.m.

The German and French finance ministers say they're confident of an agreement to unlock further aid for Greece.

But Germany's Wolfgang Schaeuble is sticking to his insistence that further-reaching debt relief is a matter for the future. Schaeuble and new French counterpart Bruno Le Maire were traveling together to Brussels on Monday for a gathering of eurozone counterparts following a meeting in Berlin.

On Thursday, the Greek parliament approved new creditor-demanded measures that will impose further income losses on austerity-weary Greeks.

Le Maire says it's "important there be a solution that reassures the Greek people and of course reassures Greece's creditors."

Schaeuble insisted that "structural reforms are the decisive thing" to improve Greek growth. He said that "extra measures if required" would come after the bailout program expires next year.

12 p.m.

French President Emmanuel Macron says his new administration will push for an international debt relief deal for austerity-weary Greece.

Macron's office says that he spoke Monday with Greek Prime Minister Alexis Tsipras and stressed "his determination to find an accord soon to lighten the burden of Greek debt over the long term." The phone conversation was the first contact between the two since Macron's election earlier this month.

French Finance Minister Bruno Le Maire, named last week, is joining EU finance ministers for talks Monday and Tuesday expected to focus on Greece's debt problems.

Athens hopes that the ministers will agree this week on a deal on easing Greece's debt repayment terms.

Successive Greek governments have slashed spending in return for bailout money to avoid bankruptcy.

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The Latest on European Union finance ministers' meeting on Greek debt (all times local):12:15 p.m.The German and French finance ministers say they're confident of an agreement to unlock further aid for Greece.But Germany's Wolfgang Schaeuble is sticking to his insistence...
EU,Europe,Greece,Bailout,The,Latest
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2017-38-22
Monday, 22 May 2017 06:38 AM
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