Eurozone Eyeing ‘Credible’ Greece Debt Relief, Says Centeno



Mario Centeno, chairman of the eurozone finance ministers’ group (file photo).

Eurozone lenders will put together a debt-relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the eurozone finance ministers’ group, according to Reuters news agency.

Centeno spoke to Reuters after talks on Saturday morning between top eurozone policymakers and the International Monetary Fund on the sidelines of a meeting of G7 financial leaders in the Canadian mountain resort of Whistler, British Columbia.

The aim was to secure last-minute backing from the IMF for the eurozone debt relief offer for Greece so that it is credible with markets and draws investors back to Greece after it exits its bailout on Aug. 20, Reuters said.

There was no deal on Saturday, but the eurozone and the IMF agreed to continue talks next week to have an agreement ready for June 21.
(Source: AMNA)