00:27 GMT +320 October 2018
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    EU Financial Ministers to Hold Extraordinary Meeting on Greek Crisis Monday

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    Financial crisis in Greece (197)
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    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.

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    Financial crisis in Greece (197)

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    crisis, debt, European Union, Eurogroup, Jeroen Dijsselbloem, Greece
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