Greeces creditors are getting closer on a deal to ease the countrys debt burden, according to Eurogroup President Mario Centeno.
Greeces 86-billion euro ($106-billion) bailout program is set to run out in August, and creditors are working on finding a compromise on debt repayments that would help to manage the countrys financing needs after it stops receiving international aid. A debt deal would also allow the International Monetary Fund to participate in the current bailout.
Mario Centeno
Photographer: Sarah Pabst/Bloomberg
The positions today are much closer than they used to be before, Centeno, who is Portugals finance minister and chairs the meetings of his euro-area counterparts, said in an interview in Washington. We stil…
Read the full article at: https://www.bloomberg.com/news/articles/2018-04-21/centeno-says-sides-closer-as-greece-s-creditors-mull-debt-relief