Financeministersofthe19-countryEurozonearescheduledtoelectanewchieftochairthegroupattheirDecembermeeting,saidoutgoingEurogroupPresidentJeroenDijsselbloemonMonda
Finance ministers of the 19-country eurozone have hammered out a deal in Brussels with Greece in the early hours of Wednesday after an 11-hour-meeting to which is described as a "major breakthrough" to start debt relief and unlock over 10 billion euros bailout cash for Greece.
The Eurogroup meeting reconvened on Sunday morning to discuss Greece bailout proposals with finance ministers saying negotiations are "difficult".
Eurogroup President Jeroen Dijsselbloem said on Saturday afternoon that 18 Eurogroup financial ministers have rejected Greece's request for an extension so that it could put the creditors' proposals to a popular vote on July 5.
Eurogroup President Jeroen Dijsselbloem said on Monday the new proposals from Greek government which came in this morning were "a positive step" in the process and that it's possible to reach a deal within this week.
President of the Eurogroup Jeroen Dijsselbloem said here on Monday that to keep the recovery on track, more investments, jobs and raising productivity were needed.
Eurozone finance ministers and Greece on Friday agreed on a final agreement over the bailout extension by four months, Eurogroup president Jeroen Dijsselbloem said during a press conference.
Eurozone finance ministers were unable to reach a final agreement with Greek government on the bailout program on Monday, Eurogroup president Jeroen Dijsselbloem said at a press conference.
A Eurogroup meeting hosted in Athens on Tuesday paved the way for disbursement of further bailout aid to Greece in the coming weeks.
The Eurogroup on Thursday formally approved the disbursement of 49.1 billion euros (about 64.1 billion U.S. dollars) to Greece under the second international bailout program, Eurogroup president Jean-Claude Juncker announced.
Greece's lenders were "close to an agreement," but would meet again Monday to decide on the release of desperately needed bail-out funds, the Eurogroup chief said early Wednesday.
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