Economics
Euro Area Douses Tsipras’s Debt Hopes After Greek Bonds Rally
- Medium-term relief may be pushed until after German elections
- IMF’s role in bailout hinges on a euro-area debt agreement
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Euro-area finance ministers dealt a blow to embattled Greek Prime Minister Alexis Tsipras’s chances of staying in power, signaling he won’t get the debt-relief commitment he’s promised voters for another year at least.
Meeting in Brussels on Monday, the euro region’s finance chiefs poured cold water on Greek hopes for a pledge to ease their debt burden this year. With governments determined to stop Greece becoming an issue in election campaigns in the Netherlands, France and Germany next year, their stance means the request may not get a hearing until October at the earliest.