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Euro nations split on how to help Greece cut debt
He added that the ministers couldn’t ignore the tremendous sacrifices Greece had made in recent days, approving a raft of reform measures and an austerity budget for next year.
“There were these votes, they were courageous,” Moscovici said. “We shouldn’t turn a deaf ear.”
Christine Lagarde, president of the International Monetary Fund, sounded a similar note. “Greece has done an awful lot of work, and now it is time for the creditors to do the same,” she said. What the country needs, she said, was “not a quick fix but a real fix.”
Whatever the outcome of Monday’s meeting, no decision on giving Greece the €31.5 billion loan will be made because some eurozone parliaments must approve the deal first.
Lawmakers in Germany said a vote could be held next week.
• Baetz reported from Berlin. Associated Press writers Don Melvin and Raf Casert in Brussels and Geir Moulson in Berlin contributed.
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