LUXEMBOURG (AP) — Eurozone finance ministers say Greece could get a key next installment on its bailout loans by mid-July only if it passes key laws on spending and privatization.
The ministers met Sunday over Greece’s debt crisis but did not announce a final deal on the 12 billion loan installment, needed to avoid an imminent default.
They also said they would welcome “informal, voluntary” renewals of bond holdings as a contribution by private investors. But any measure must not lead to Greece being ruled in default.
Greece got a 110 billion in bailout loans last year, but is still struggling. The government admits it will need another bailout of about the same size. No deal on that was announced.
