Green Light for Greek Bailout Talks Depends on Finance Ministers
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Greece’s prospects for a third bailout will depend on whether Prime Minister Alexis Tsipras can win permission from euro-area finance ministers to restart talks with institutional creditors.
When Tsipras asked last week for a two-year European Stability Mechanism loan program, finance ministers halted the bid in its tracks. The European Commission can’t begin formulating a new program for Greece until the so-called Eurogroup, which is meeting Tuesday in Brussels, allows talks to recommence.