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Friday, November 13, 2026Nov 13

Greece puts faith in France to solve bailout impasse

French Minister of the Economy and Finance Bruno Le Maire, right, shakes hands with his Greek Finance Minister Euclid Tsakalotos during their meeting in Athens, Monday, June 12, 2017. France’s Finance Minister, Bruno Le Maire, has begun meetings in Athens aimed at ending a months-long delay in a rescue funding agreement between Greece and bailout lenders.  (AP Photo/Petros Giannakouris)
French Minister of the Economy and Finance Bruno Le Maire, right, shakes hands with his Greek Finance Minister Euclid Tsakalotos during their meeting in Athens, Monday, June 12, 2017. France’s Finance Minister, Bruno Le Maire, has begun meetings in Athens aimed at ending a months-long delay in a rescue funding agreement between Greece and bailout lenders. (AP Photo/Petros Giannakouris) French Minister of the Economy and Finance Bruno Le Maire, right, shakes hands with his Greek Finance Minister Euclid Tsakalotos during their meeting in Athens, Monday, June 12, 2017. France’s Finance Minister, Bruno Le Maire, has begun meetings in Athens aimed at ending a months-long delay in a rescue funding agreement between Greece and bailout lenders. (AP Photo/Petros Giannakouris)

ATHENS, Greece (AP) – France’s finance minister says Greece is on course to reach a crucial funding deal with bailout lenders this week.

“A new crisis on the Greek issue must be calmly avoided,” Bruno Le Maire said after meeting Monday with Greek Prime Minister Alexis Tsipras.

The French minister traveled to Athens ahead of a meeting in Luxembourg on Thursday of finance ministers from countries using the euro currency.

Loan payouts from the eurozone countries have been delayed for months, and Greece urgently needs them as it faces a July spike in debt repayments worth some 7 billion euros ($7.8 billion).

“We are not far at all from a solution. That solution must be found on June 15,” Le Maire said.