Irish finance minister sees no issue in reprofiling Greek debt

Image
Reuters LUXEMBOURG
Last Updated : Jun 16 2017 | 2:48 AM IST

LUXEMBOURG (Reuters) - Ireland sees no issue with reprofiling Greece's debt, its finance minister said on Thursday, as euro zone lenders met to discuss the size of new loans to Greece and what debt relief they may offer.

"Ireland has no difficulty with proposals in relation to the reprofiling of Greek debt," Paschal Donohoe told reporters in Luxembourg ahead of the meeting.

"We're looking forward to seeing progress being made this afternoon and this evening in relation to our Greek neighbours."

Greece needs more than 7 billion euros ($7.8 billion) in new loans from the euro zone bailout fund to repay debt maturing in July, but can only get the money once lenders agree Athens has pushed through agreed reforms.

(Reporting by Elizabeth Miles; Writing by Alissa de Carbonnel; Editing by Alastair Macdonald)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 16 2017 | 2:37 AM IST

Next Story