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Finnish finance minister says Greek aid approval not certain
November 20, 2012 / 7:05 AM / 5 years ago

Finnish finance minister says Greek aid approval not certain

HELSINKI, Nov 20 (Reuters) - Finland’s finance minister said on Tuesday she was unsure whether euro zone finance ministers would approve Greece’s next loan tranche at a meeting later in the day.

“I‘m not at all sure that it will happen. More information is needed before a decision can be made, so the situation is very much open,” Jutta Urpilainen told reporters after a parliamentary briefing.

Finance ministers had been seen as likely to give tentative approval for the next tranche on Tuesday though the money is unlikely to be disbursed before December and a deal on debt reduction may require further talks.

Urpilainen repeated that Finland was ready to give Greece more time to reach its financing programme targets but said a restructuring of its debt was out of the question.

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