Greece hopeful for Eurozone deal

Greek bailout

There is hope for a deal on Greek debt with the Eurozone by next Monday after "very good discussions" in Brussels, says Greece's finance minister.

The president of the group of Eurozone finance ministers, Jeroen Dijsselbloem, said the talks had been intense and constructive.

Greece wants to overhaul 30% of its bailout obligations, replacing them with a 10-point plan of reforms.

But EU ministers have warned that Greece must abide by existing terms.

The EU-IMF bailout for Greece expires on 28 February.

Mr Dijsselbloem said there had been talk of extending the arrangement, but there was "not enough progress yet at this point to come to joint conclusions".

Greece's government, led by the radical left-wing Syriza party, says the conditions of the €240bn (£182bn; $272bn) bailout have impoverished Greece.

Greece's debt currently stands at more than €320bn (£237bn) - about 174% of its economic output (GDP). bbc

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Wednesday, February 11, 2015