IMF chief Christine Lagarde (l) and Eurogroupe president Dijsselbloem. "We believe that specific measures, debt restructuring, and financing must now be discussed contemporaneously," Lagarde said. (Photo: consilium.europa.eu)

Ministers to discuss Greek debt, but no deal in sight

Green Economy

by Eric Maurice, Brussels,

A meeting of eurozone finance ministers on Monday (9 May) had been presented as a deadline for an agreement between Greece and its creditors in order to unblock a new tranche of more than €5 billion in aid.

But barring a last-minute breakthrough, the ministers will only discuss the state of the discussions and try to set political conditions for progress in the coming days or weeks.   For the first time, they will talk about the sustainability of Greek debt and possible debt relief.