EU finance ministers meet in Athens
Updated: 2014-04-01 16:52
(Agencies)
|
|||||||||||
ATHENS - Finance ministers from the European countries that use the euro currency were meeting in Athens Tuesday, with discussions to include how to pay out delayed bailout installments to Greece and how to ease Portugal out of its rescue program.
Both financially stricken countries have received multi-billion-euro bailouts from other European countries and the International Monetary Fund and have implemented a series of fiscal reforms in return, with their economies under strict supervision by international debt inspectors.
Security for the meeting was tight, with protests banned in much of central Athens. Unions and political youth groups plan demonstrations just outside the exclusion zone Tuesday evening.
The eurogroup meeting is to be followed by a broader gathering of all European Union finance ministers later in the day and on Wednesday, with talks to center on the social impact of the crisis, the EU's growth and financial stability, and banking union among other topics.
Greece, which has suffered the deepest and most prolonged financial crisis of the 18-member eurozone, hopes for a positive assessment from the eurogroup on progress made in reforms. A review by the debt inspectors from the International Monetary Fund, European Central Bank and European Commission, collectively known as the troika, ended last month and the country hopes for the disbursement of a long-delayed bailout installment.
Related Stories
Hungary unlikely to join the eurozone soon 2014-02-13 17:42
Latvia becomes 18th member of eurozone 2014-01-02 07:30
Eurozone economy 'on course for recovery' 2013-06-04 10:23
France leads eurozone in offshore RMB payments 2013-04-27 07:35
OECD forecasts global economy improving, eurozone lagging behind 2013-03-29 02:39
Today's Top News
EU to make visa rules easier for Chinese visitors
Ukraine to hold military drills with NATO, EU
3 dead, 2 missing in boat collision in Spain
EU finance ministers meet in Athens
Loss of Crimea may have long-term impact on Ukraine's economy
DPRK ready for another nuke test
We should join hands, Xi tells EU
iPhone 6 screens to be produced as early as May
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
President Xi visits western Europe |
Reforms give NGOs a level playing field |
Crossing the great relationship divide |
Baby hatches raise controversy |
Diaries shed lights on massacre |
Naturists on the path to acceptance |