Greece suffers debt relief talks setback

Greece’s hopes of being granted debt relief by its EU counterparts were dealt a blow on February 17.

Following a Eurogroup meeting in Brussels, group President Jeroen Dijsselbloem said the issue would be discussed after European Parliament elections in May.

German Finance minister Wolfgang Schaeuble said it was not the time to discuss debt relief for Greece, in line with German Chancellor Angela Merkel’s wish to avoid granting aid to Greece before the European elections in order to avoid boosting the Eurosceptic vote.

Ministers also fired stern warnings to the Greek government that a solution must be found with the troika sooner rather than later so that the stalled negotiations could finally be wrapped up.

Greek Finance Minister Yannis Stournaras said the envoys would be in Athens “by Sunday.”

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(Greek finance minister Ioannis Stournaras. Photo: The Council of the European Union)