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Finance ministers meeting on Greece "won't be short": Eurogroup head

Xinhua, August 14, 2015 Adjust font size:

Eurogroup President Jeroen Dijsselbloem said on Friday that the upcoming finance ministers meeting "won't be short," as a fresh memorandum of understanding (MOU) on Greece's bailout package has prompted questions and criticisms from member states.

"It won't be short... there will be questions, there will be criticisms," Dijsselbloem told reporters minutes before meeting with his colleagues of the single currency bloc.

He said ministers may have to clarify or improve on issues related to the MOU, which agreed earlier this week in Athens between Greek authorities and its creditors on a 85-billion-euro bailout plan.

Germany was reported to have pointed fingers at the MOU, arguing that some terms deviated from the austerity content of a primary agreement clinched on July 13.

"I am sure there will be some critic remarks," Dijsselbloem said.

He also admitted that "debt stability is still the major point of concern, especially for the IMF (International Monetary Fund)."

"We will look at that closely in October... and give further guarantees if necessary so that the IMF can come on board in October, because it is very important for all of us," he added. Endit