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If necessary, we will give more time to Greece, Dijsselbloem said

Jeroen Dijsselbloem
Eurogroup Chairman Jeroen Dijsselbloem in an interview with Athens newspaper “TA NEA” left open the likelihood of a new “haircut” for the Greek debt.In an interview published in Thursday's issue ahead of his visit to Athens, he said that it has been agreed that additional measures will be taken if Greece meets all its commitments but still the financial situation and the size of the debt are not improved as satisfactory as anticipated.

Dijsselbloem said that it will be examined if the programme is as effective as expected in terms of structural reforms, economic recovery and debt deescalation. He added that it has not been determined what measures will be needed or won't be needed, noting that by the summer of 2014 the programme's progress will be re-examined, as well as, what it needs to be done to deescalate the debt.

Last Updated Thursday, 23 May 2013
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