Associated Press: Greece hoping to finally secure long-term debt relief deal

Greece is hoping to secure more bailout funds to meet a summer debt repayment hump as well as a debt relief deal at a meeting of finance ministers from the 19-country eurozone.

The country, which has been promised help on its mountain of debt once its bailout ends next year, is again the main topic of discussion at a meeting of the so-called eurogroup Thursday.

The main obstacle to an agreement is a difference of opinion between the eurozone and the International Monetary Fund over Greece’s long-term debt outlook.

The expectation is Greece will get the roughly 7 billion euros ($7.8 billion) due, but will struggle to clinch the outlines of a debt relief deal that Prime Minister Alexis Tsipras thinks is crucial for the country’s economy in the long-term.

Source: Associated Press