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Bailout ball in Greece's court

Monday, July 13, 2015 - 01:15

Eurozone ministers say Greece must implement reforms before bailout gets green light. Sean Carberry reports.

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STORY: After two days of intense talks, eurozone finance ministers say the ball is now in Greece's court. Eurogroup president Jeroen Dijsselbloem. (SOUNDBITE) (English) EUROGROUP PRESIDENT AND DUTCH FINANCE MINISTER, JEROEN DIJSSELBLOEM, SAYING: "We have come a long way but a couple of big issues still are open so we are going to put those to the government leaders and it's up to them." Officials say they have agreed on more than 90 percent of the terms of what would be a third bailout deal for Greece. But, ministers say Greece must rebuild trust before any checks are written. That means passing reforms it has agreed to in principle, says Austrian Finance Minister Hans-Joerg Schelling. (SOUNDBITE) (German) AUSTRIAN FINANCE MINISTER, HANS-JOERG SCHELLING, SAYING: "The decisive point is that Greece -- starting tomorrow -- must show us they agree with the statement, that the parliament agrees, and following that the measures should be implemented through parliament in the next few days and when all these conditions will be filled then we can start talks on an additional program but not before," Greece is seeking 53 billion euros to help cover its debts until 2018. It's also seeking a restructuring and possible writedown of its debt. The country is facing bankruptcy and a possible exit from the euro if it can't reach a deal with EU creditors.

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Bailout ball in Greece's court

Monday, July 13, 2015 - 01:15