Euro Finance Officials Meet to Jump-Start Greece Accord
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European finance officials met in Paris today to forge a common position on Greece’s next aid payment as a sputtering economy and a spat with the International Monetary Fund cloud efforts to resolve the crisis.
Finance officials from France, Germany, Italy and Spain convened a day before a meeting of the 17 euro nations in Brussels, according to a European Union aide. EU Economic and Monetary Affairs Commissioner Olli Rehn also attended. Lengthening maturities on Greek debt and lowering rates on the country’s bailout loans are the main options being discussed to plug a funding gap, said the official, who declined to be named because the talks aren’t public.