Greece seeks debt clarity as creditors resist fresh concessions

Frankfurt

GREECE may not be offered a substantially improved debt-relief package when euro-area finance ministers discuss its bailout in Luxembourg next month, officials directly involved in the negotiations said.

Eurozone creditors are unlikely to commit to further details of measures beyond the extension of maturities in rescue loans that they discussed last week, the officials said, asking not to be named because the ongoing talks are private. Such a deal on its own might still not be enough to convince the European Central Bank (ECB) to start buying Greek bonds, they said.

"What the Greek government is asking for is clarity on the debt issue, and this was not on the table" last week, Finance Minister Euclid Tsakalotos said at an Economist Conference in Frankfurt on Wednesday. Bank of Greece governor Yannis Stournaras warned that Greece's…