Eurozone finance ministers discussed the potential approval of $7.72 billion in remaining bailout loans to be released by European lenders to service Greek debt repayments.
A repayment of $776 million to the International Monetary Fund is also due on May 12.
The Brussels meeting was yet another effort to break the deadlock centered on Greece’s Syriza-led government’s determination to relax austerity measures attached to the current bailout program.
The idea of a referendum has recently been gaining traction in the EU, with the leader of the European People’s Party in the European Parliament Manfred Weber hailing the idea as a viable means of solving the problem.
“A possible referendum should also ask the Greeks whether they want to stay in the Eurozone and agree to the proposed reforms”, Weber said.
