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No final decision on Greece expected from Eurogroup meeting: Juncker

02-10-2012 09:41 BJT

BRUSSELS, Feb. 9 (Xinhua) -- No final decision was expected from a meeting of eurozone finance ministers held on Thursday evening to discuss the bailout program for Greece, Eurogroup Chairman Jean-Claude Juncker said Thursday.

"I don't think that we will have a definitive and final decision tonight," Juncker, who chairs the ongoing finance ministers' meeting, said as he arrived for the gathering.

EU Commissioner for Economic and Monetary Affairs Olli Rehn (L) and President of Eurogroup
and Prime Minister of Luxembourg Jean-Claude Juncker attend a press conference after the
Eurogroup finance ministers' meeting in Brussels, capital of Belgium, Feb. 9, 2012.
Eurozone finance ministers said late Thursday that the Greek authorities have not done
enough to convince international lenders to approve a crucial new bailout package.
(Xinhua/Thierry Monasse)

President of Eurogroup and Prime Minister of Luxembourg
Jean-Claude Juncker attends a press conference after the
Eurogroup finance ministers' meeting in Brussels, capital
of Belgium, Feb. 9, 2012. Eurozone finance ministers said
late Thursday that the Greek authorities have not done
enough to convince international lenders to approve a
crucial new bailout package. (Xinhua/Thierry Monasse)

EU Commissioner for Economic and Monetary Affairs Olli Rehn (L) and President of Eurogroup
and Prime Minister of Luxembourg Jean-Claude Juncker attend a press conference after the
Eurogroup finance ministers' meeting in Brussels, capital of Belgium, Feb. 9, 2012.
Eurozone finance ministers said late Thursday that the Greek authorities have not done
enough to convince international lenders to approve a crucial new bailout package.
(Xinhua/Thierry Monasse)

President of Eurogroup and Prime Minister of Luxembourg Jean-Claude Juncker attends a
press conference after the Eurogroup finance ministers' meeting in Brussels, capital of
Belgium, Feb. 9, 2012. Eurozone finance ministers said late Thursday that the Greek
authorities have not done enough to convince international lenders to approve a crucial
new bailout package. (Xinhua/Thierry Monasse)

"We have to discuss several elements of the proposals that will be submitted to us," Juncker added. The next gathering of eurozone finance ministers is scheduled for Feb. 20.

Juncker made the comments hours after Greek Prime Minister Lucas Papademos announced in Athens the conclusion of "a general agreement" on the contents of the new bailout program without disclosing details.

The 130-billion-euro (172.8 billion U.S. dollars) bailout package, offered by the "troika," namely the International Monetary Fund (IMF), the European Union (EU) and the European Central Bank (ECB), is crucial for Greece to avoid default or a potential exit from the eurozone on March 20 when 14.5 billion euros' (19.3 billion dollars) worth of bonds come due.

The international creditors have been insisting that major political parties in the Greek coalition government make firm commitment to "painful" structural reforms and austerity measures before signing on the bailout program.

Editor:Zhang Rui |Source: Xinhua

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