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French Fin Min: We Have All The Elements For A Deal On Greece

Francois Baroin

“All the elements” are in place for euro-zone finance ministers to reach a deal over Greece’s financial rescue at a meeting later in the day in Brussels, French Finance Minister Francois Baroin said Monday.
Speaking in an interview with Europe 1 radio, Baroin insisted that a deal over the second leg of Greece’s rescue package “can no longer wait,” as the euro-zone country must meet important loan repayments deadlines in March.
Greece is expected to receive a second bailout package worth EUR130 billion from the European Union and International Monetary Fund, together with a debt-restructuring deal with private bondholders, in exchange for agreeing to further austerity and reform measures. Greece needs the bailout to meet bond redemption payments due March 20.
(source: Dow Jones)

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