Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

Europe

EU finance ministers to discuss Greek debt burden

Associated Press
Published | Updated
  • 07d12a6f-
    Image 1 of 3

    Greece's Prime Minister Alexis Tsipras addresses lawmakers during a parliamentary session in Athens, on Sunday, May 8, 2016. Greek anarchists hurled firebombs, chairs and wooden planks at riot police in brief clashes outside parliament while lawmakers were debating a controversial austerity bill, disrupting a much larger peaceful rally on Sunday. (AP Photo/Yorgos Karahalis) (The Associated Press)

  • 51acc619-
    Image 2 of 3

    Greece's Prime Minister Alexis Tsipras addresses lawmakers during a parliamentary session in Athens, on Sunday, May 8, 2016. Greek anarchists hurled firebombs, chairs and wooden planks at riot police in brief clashes outside parliament while lawmakers were debating a controversial austerity bill, disrupting a much larger peaceful rally on Sunday. (AP Photo/Yorgos Karahalis) (The Associated Press)

  • 537bab56-
    Image 3 of 3

    Greece's Prime Minister Alexis Tsipras attends a parliamentary session in Athens, Sunday, May 8, 2016. Greek anarchists hurled firebombs, chairs and wooden planks at riot police in brief clashes outside parliament while lawmakers were debating a controversial austerity bill, disrupting a much larger peaceful rally on Sunday. (AP Photo/Yorgos Karahalis) (The Associated Press)

BRUSSELS – European Union finance ministers are converging on Brussels for talks aimed at breaking a months-long deadlock over whether to release more aid to help bolster Greece's shattered economy.

The meeting starting Monday afternoon comes after Greece's parliament voted on Sunday to reform the debt-ridden country's pension and tax systems, which would raise social security, pension contributions and taxes.

The government in Athens hopes that the move will encourage its creditors to ease its debt burden.

But apart from the International Monetary Fund, most of Greece's creditors, including the European Commission and European Central Bank, are against restructuring the debt.

The eurogroup talks come after three days of strikes in Greece over austerity measures. The stoppages shut down services from public transport to garbage collection.