GREECE AND CREDITORS FAIL TO MAKE PROGRESS ON BAILOUT DEAL…

by on 27 January 2017

Eurozone finance ministers met in Brussels as a possibly troublesome election season looms in Europe…

Greece and its creditors failed to resolve their differences Thursday during talks held in hopes of finding a solution for the country’s deadlocked bailout before Europe’s coming election season dominates the Continent’s agenda.

A meeting of eurozone finance ministers here didn’t reach a breakthrough that would clear the way for the conclusion of negotiations on the current review of Greece’s aid package of as much as €86 billion. But there is pressure to get a deal by February, because after that, a series of elections in the Netherlands, France, Germany and possibly Italy could distract attention and reduce governments’ interest in making any unpopular concessions on Greece.

“There is a clear understanding that a quick finalization of the second [bailout] review is in everyone’s interest,” said Jeroen Dijsselbloem, the Dutch finance minister who presided over the meeting of his eurozone counterparts.

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