Euro zone's Dijsselbloem says next loan to Greece may not come soon
"I want to temper expectations. There is no need for a disbursement in March, April or May," he said. Greece will need new funds to pay its debt by July.
The next disbursement of financial aid to Greece from its euro zone lenders may not be imminent as talks are still complicated, the head of euro zone finance ministers said on Monday, adding that the target was to secure a deal as soon as possible.
"There is still a lot of work to do," Jeroen Dijsselbloem told a news conference after a meeting of finance ministers in Brussels.
"I want to temper expectations. There is no need for a disbursement in March, April or May," he said. Greece will need new funds to pay its debt by July.
Dijsselbloem added that he hoped that a deal on Greek reforms and on the next disbursement can be reached "as soon as possible", but declined to answer a question on whether the next loan will hinge on the participation of the International Monetary Fund to the bailout.
This is a condition imposed by Germany, although the IMF has not yet decided on its role in the Greek bailout.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
07:19 AM IST