Euro Area Said to Schedule Call on Greek Plans WednesdayKarl Stagno Navarra
Euro-area finance officials will hold a teleconference on Wednesday to discuss Greece’s proposals for meeting the conditions to release more aid, according to a European offical with direct knowledge of the schedule.
Deputies from the 19 euro nations will hold the call at 3 p.m. European time, said the official, who asked not to be named because the plans haven’t been made public.
With the Greek government running out of cash, Prime Minister Alexis Tsipras is trying to persuade his euro-area creditors to extend more financial support to his country even as he pushes back against their demands for more austerity. The standoff, which has left Greece dependent upon European Central Bank loans, risks leading to a default within weeks and its potential exit from the euro area.
European Union President Donald Tusk said Tuesday that he doesn’t expect Greece to receive any aid before the Easter break, but that a deal will probably be struck by the end of April.
The European Central Bank’s governing council is also due to discuss emergency funding for the Greek banking system at a meeting in Frankfurt on Wednesday.