Greece’s lenders are meeting in Luxembourg to discuss the country’s debt crisis. Despite clashes over the question of debt relief, eurozone leaders and the IMF are expected to unlock as much as 8 billion euros in a much-needed fresh loan.
Greece's latest tranche of bailout cash has been agreed by 19 eurozone ministers meeting in Luxembourg. It includes steps to foster Greek growth and a stand-by promise from the International Monetary Fund.
Ahead of crunch eurozone talks on Thursday, France's new finance minister, Bruno Le Maire, said a deal on debt relief for Greece was close. The issue has caused a rift among creditors, in particular Germany and the IMF.
Eurozone ministers, including its most powerful official Wolfgang Schäuble, are optimistic about reaching a bailout deal with Greece. But Athens will have to wait longer for a deal on future debt relief.
Eurozone finance ministers have failed to agree on a plan for fresh bailout cash for Greece, due to an ongoing row over debt relief. The Athens government needs new funds to avoid a new default in July.
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