Eurogroup president Jeroen Dijsselbloem said on Friday that he believed Greece and its creditors could ink a debt relief deal for the cash-strapped country at a May 24 meeting.
Euro zone finance ministers are due to meet Tuesday to discuss Athen’s progress on a strict austerity program that was agreed under its current 86 billion-euro ($96 billion) bailout package, as well as the possibility of granting it debt relief so the country can cope with its repayments, Reuters reported.
It’s widely estimated that Athens needs more help to cover 3.5 billion euros ($3.96 billion) in debt payments coming due in July as its economy buckles under the additional weight of the region’s migrant crisis.
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