Debt relief will be needed for Greece, says Eurogroup chief

  • 2/5/2023
  • 13:41
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Brussels, Sha'ban 01, 1438, April 27, 2017, SPA -- Eurogroup chief Jeroen Dijsselbloem said Thursday that getting Greece's economy back on track will be impossible without debt relief, as dpa reported. "Debt relief will be needed to find a solution," he said. "That's the only way that they will come back on a sustainable path." Djisselbloem's view marks a departure from the line taken by his eurozone colleagues, in particular the German finance minister, who has firmly ruled out debt relief for Greece in the past. Debt-riddled Greece needs a new loan to be paid out in the coming months by the European Stability Mechanism, the euro area's rescue fund, in order to meet debt payments due in July and avoid a fresh financial crisis. --SPA 16:41 LOCAL TIME 13:41 GMT www.spa.gov.sa/w387722

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