12:24 GMT +321 February 2019
Listen Live
    People make their way past a stencil by street artist Flip in Athens.

    EU Financial Ministers to Hold Extraordinary Meeting on Greek Crisis Monday

    © REUTERS / Alkis Konstantinidis
    Get short URL
    Financial crisis in Greece (197)
    0 14

    An extraordinary meeting of the EU financial ministers will be held on Monday, ahead of the scheduled summit on the Greek crisis, President of the Eurogroup Jeroen Dijsselbloem said Friday.

    LUXEMBOURG (Sputnik) — On Thursday, following a Eurogroup meeting that failed to reach a compromise, President of the European Council Donald Tusk announced that the urgent Euro summit would be held Monday.

    Athens is currently negotiating debt relief terms with its international creditors, comprising the European Commission, the European Central Bank and the International Monetary Fund. Its current bailout program expires on June 30.

    Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the three major international creditors.

    On Thursday, EU Commissioner on Economic and Financial Affairs Pierre Moscovici said that the failure to reach an agreement in talks between Greece and international creditors before the deadline could lead to catastrophic consequences.

    Financial crisis in Greece (197)


    'Those Who Invest in Crisis Will be Disappointed': Tsipras on Greece Debt
    Russia, Greece Need to Boost Cooperation Amid Turkish Stream Construction
    Russia, Greece to Create Joint Venture for Turkish Stream Extension
    Greece Wants to Become Major Energy Hub in Region - Energy Minister
    crisis, debt, European Union, Eurogroup, Jeroen Dijsselbloem, Greece
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik