Greece’s Creditors Close to Compromising on Debt
- Eurogroup president says debt discussions are in final mile
- Greece’s creditors hold talks on the sidelines of IMF meetings
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Greece’s creditors are getting closer on a deal to ease the country’s debt burden, according to Eurogroup President Mario Centeno.
Greece’s 86-billion euro ($106-billion) bailout program is set to run out in August, and creditors are working on finding a compromise on debt repayments that would help to manage the country’s financing needs after it stops receiving international aid. A debt deal would also allow the International Monetary Fund to participate in the current bailout.