Skip to content
Subscriber Only
Markets
Economics

EU Dangles Prospect of Aid to Entice Greece Into Action

German Chancellor Angela Merkel, center, Portuguese Prime Minister Pedro Passos Coelho, left, Slovak Prime Minister Robert Fico, second left, Finnish Prime Minister Alexander Stubb, second right, and British Prime Minister David Cameron arrive on March 19, 2015 for a family photo at an European Council leaders' summit at the European Council in Brussels.

German Chancellor Angela Merkel, center, Portuguese Prime Minister Pedro Passos Coelho, left, Slovak Prime Minister Robert Fico, second left, Finnish Prime Minister Alexander Stubb, second right, and British Prime Minister David Cameron arrive on March 19, 2015 for a family photo at an European Council leaders' summit at the European Council in Brussels.

Photographer: Emmanuel Dunand/AFP via Getty Images
Updated on

Greece could win an infusion of bailout money as soon as next week if Prime Minister Alexis Tsipras can deliver an adequate package of reform measures, an EU official told reporters in Brussels.

European Union leaders sought to revive bailout talks at a meeting in Brussels by signaling they might soon be ready to release some funds so long as Greece fulfills its commitments. The first money could come from profits euro members made when the European Central Bank bought discounted Greek debt during an earlier phase of the financial crisis. There’s also money left in the country’s 240 billion-euro ($258 billion) bailout program.