World

Eurozone ministers seek end to Greece bailout odyssey

Published June 21, 2018 Updated June 21, 2018 08:06am

If successful the talks will mark an important milestone for Europe nine years after Greece stunned the world with out-of-control debts and set the scene for three bailouts and a near collapse of the euro single currency.

Finance ministers from the 19 countries that use the single currency are seeking to agree debt relief and a sizeable cash cushion for Greece that will reassure financial markets on the ability of Athens to stand on its own.

"Tomorrow we are expecting a decision for the adjustment of Greece's debt which will mark the end of an ... ordeal for Greece, and the end of austerity," Greek Prime Minister Alexis Tsipras said in Athens on Wednesday.

Copyright APP (Associated Press of Pakistan), 2018