Tuesday, Jul 29, 2014Tuesday, Jul 29, 2014
News
 

Euro zone 'very close' to Greek debt deal: France

Published on Nov 26, 2012 6:11 AM
 
French Economy minister Pierre Moscovici (left) speaks with Greek Finance Minister Ioannis Stournaras (right) before an Eurozone finance ministers meeting to decide on a fresh rescue loan for debt-stricken Greece, on Nov 20, 2012 at EU headquarters in Brussels. -- PHOTO : AFP

PARIS (AFP) - The euro zone is very close to an agreement on Greek debt, French Finance Minister Pierre Moscovici said on Sunday on the eve of key talks between the currency bloc's finance ministers.

"I think that in effect we are very close to a solution," he told BFM Television, adding: "I don't know if there will be an agreement tomorrow, I know it is possible and I want one." Euro zone ministers meet on Monday for their third effort to agree on unlocking a 31.2-billion-euro (S$49.5-billion) slice of aid for Greece as it teeters on the verge of bankruptcy.

Moscovici said failing to reach a deal would be "irresponsible" at the talks "given the efforts everyone has made".

He provided few details about the outlines of a possible deal, but said it could involve a combination of decreases in interest earned by lenders and profits made by central banks on Greek debt.

 
If you are not a subscriber, you can get instant, unlimited access here