The Greek bailout program is not heading for a crisis, the head of the Eurogroup of euro zone finance ministers told CNBC on Thursday, saying that a deal on a reform package that will unlock more loans to the country was near.
“We’re getting very close (to an agreement over reform targets) so I’m not for all this crisis talk. If we concentrate on where we are and try and push it through we’ll get it done far before the summer,” he said, saying that there was “hopefully” no danger of Greece facing a credit line before more bailout money can be released.
He added that once Greece hit targets over pension reform, income taxation and privatization, among other issues, “then we will come to debt and see what needs to be done now or later.”
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