In an interview to the Bloomberg news agency, the Eurogroup President Jeroen Dijsselbloem revealed that the debt in Greece and the possibility of further aid will be decided after the summer.
Mr. Dijsselbloem explained that Greece must implement what it has agreed to with its international creditors, which includes maintaining a primary surplus, although Europe is “prepared to do more”, should debt sustainability remain a problem.
When asked what this entails, he explained that amongst the available options are “longer maturities or a further reduction of the interest rate” before pointing out that “it also depends on how economic growth evolves”.
The Eurogroup president was hopefull that the Eurogroup will reach a positive decision on the next aid payment to Greece at the meeting scheduled in Athens for Tuesday, the 1st of April.
Mr. Dijjselbloem noted that “a bit more than 8 billion euros is now foreseen“, however the troika would advise on the exact amount necessary.
The Dutch Minister also praised Greece’s gradual return to the markets as a wise decision and remarked that Portugal “is doing the same”.
