Eurozone finance ministers grapple with ways to finance extension of reforms for Greece
{{#rendered}} {{/rendered}}Finance ministers from the 17 EU countries that use the euro are trying to hammer out a deal that will prevent the imminent bankruptcy of Greece.
The ministers, meeting Monday in Brussels, have for weeks failed to agree a strategy that will allow them to release some €44 billion ($56.8 billion) for the cash-strapped country.
The expectation is that Greece will get the money and an extra two years to make the reforms that are a condition of the bailout. But that extension would cost several billion more and that's lain at the heart of disagreements on the way forward.
{{#rendered}} {{/rendered}}Several proposals have been aired to plug the financial hole, including reducing the interest rate Greece pays on loans it is getting from euro partners and the International Monetary Fund.