Arriving for the Eurogroup meeting in Brussels on Monday, French Economy and Finance Minister Bruno Le Maire reported “good news” on Greece, with indications that the Eurozone was “not far from a final settlement on Greek debt.”
Monday’s discussion will focus on the disbursement of the next tranche of loans to Greece and the finance ministers will look at the prior actions completed by the Greek government over the past months. “We must make every effort in the next months… to conclude this final settlement,” he added.
Le Maire noted that there were still some remaining prior actions that the Greek government was expected to complete soon. He also noted the need for an agreement between Greece and the International Monetary Fund (IMF) on the size of primary surpluses. His meeting with IMF Managing Director Christine Lagarde the previous week indicated that things were on a “good track,” he said, with a good understanding between the IMF and Greece in order to reach agreement.
“All this will allow us to put the issue of Greek debt behind us and focus on what is more important, which is to strengthen the Eurozone,” Le Maire said.