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2nd LD Writethru: Greek reform list arrives in time, "Grexit" not on table: Eurogroup head

Xinhua, February 24, 2015 Adjust font size:

Greek reform list in return for a new bailout program reached creditors in time, said Eurogroup President Jeroen Dijsselbloem on Tuesday.

Speaking at a European parliament hearing meeting, Dijsselbloem said that "Grexit" is not on the table while Greek reform list would be under reviewing by international lenders, who would decide whether to issue new aid to the debt-stricken country.

"We are determined to stay together and improve monetary union," Dijsselbloem said, noting that only British government talked about Greece's exit of eurozone.

Eurogroup and Greece on Friday agreed on a final agreement over the bailout extension by four months, and such an agreement would ensure time for discussions on a possible follow-up arrangement between the Eurogroup, the institutions and Greece.

"The extension will be followed by a debt-sustainability analysis, with which we could decide on further support for Greece," Dijsselbloem said.

Commenting on the current aid program and the fiscal target for Greece,Dijsselbloem said that the country has resumed growth last year, showing good economic indicators.

The new aid program is crucial for the debt sustainability and the financial stability of Greece, as the government has to pay around 10 billion euros (11.32 billion U.S. dollars) by the end of March and 30 billion euros (33.96 billion dollars) by the end of this year. Endi