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EU officials debate Greek bailout proposal

Saturday, July 11, 2015 - 01:57

Euro zone finance ministers temper optimism over the possibility of a Greece bailout deal. Sean Carberry reports.

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STORY: It's another weekend workday for EU finance ministers. Overnight, Greek Prime Minister Alexis Tsipras won parliamentary backing for painful austerity reforms. But, will the Greek proposal be enough to secure a new bailout from the German and other euro zone ministers meeting in Brussels? European Commission Vice President Valdis Dombrovskis said before the meeting that Greece has shown a willingness to reach an agreement. (SOUNDBITE) (English) EUROPEAN COMMISSION VICE PRESIDENT, VALDIS DOMBROVSKIS, SAYING: "First of all, it must be said that we are clearly making progress and the Greek government proposal actually is pretty much along the lines of what the institutions' proposal was before the referendum. .... Of course there are still many issues and also many concerns of member states to be addressed," The European Commission, European Central Bank, and International Monetary Fund had positive things to say about the new Greek proposal. But Dutch Junior Finance Minister, Eric Wiebes, says a number of governments have "serious concerns". (SOUNDBITE) (English) DUTCH JUNIOR FINANCE MINISTER, ERIC WIEBES, SAYING: "After all, we are discussing a proposal from the Greek government that was fiercely rejected less than a week ago, and that is a serious concern." But Irish Finance Minister Michael Noonan remained hopeful Greece will follow through on its proposal. (SOUNDBITE) (English) IRISH FINANCE MINISTER, MICHAEL NOONAN, SAYING: "I think that trust is now being rebuilt in the relationship with Greece and I would hope that the trust will continue to be rebuilt today." Greece has asked for 53.5 billion euros to help cover its debts until 2018. It's also seeking a review of primary budget surplus targets, and a restructuring of the country's long-term debt. A senior EU official said the Eurogroup talks would include discussions on whether Greece needs some debt relief.

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EU officials debate Greek bailout proposal

Saturday, July 11, 2015 - 01:57