Greece Creditors Agree Contingency Plans Needed, Eurogroup Says

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Greece’s creditors agree that the nation’s budget should contain contingency measures, Eurogroup head Jeroen Dijsselbloem said.

  • “The optimists will say, we don’t need it: so then it’s easy to agree to something if you don’t think have to do it anyway,” Dijsselbloem said on the sidelines of a press conference. “The pessimists will say we need it because it may go off track. So I think both the optimists and the pessimists agreed that it’s important and we should get it done”
  • The remarks suggest Greece resistance to contingency measures that would kick in if its deficit-reduction plan goes off track isn’t generating support among creditors, which include both euro area governments and the International Monetary Fund
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