Hans Joerg Schelling

The European Union should consider a one-billion-euro special investment programme to spur growth in debt-ridden Greece, Austria's finance minister told daily Der Standard in an interview published on Monday.

Eurozone finance ministers pushed Greece on Friday to get back to work on the bailout package before getting a new tranche of money.
Ministers at theinformal Eurogroup summit in Bratislava on Friday expressed concerns that the country, which was due to update the group, was falling behind schedule in its efforts.

The Greek government on Thursday handed over a revised proposal to stave off a efault as euro-area finance ministers prepared to reconvene in Brussels.

Finance chiefs must now study the new proposal that just arrived to see if its meets the terms laid out by creditors, Austrian Finance Minister Hans Joerg Schelling told reporters ahead of the meeting.

Austria’s Finance Minister Hans Joerg Schelling told Reuters on Tuesday that there would be no agreement on the new Greek budget proposals until a concrete plan determining how they would be implemented was submitted.

Austria's finance minister said on Tuesday there would be no agreement on new Greek budget proposals unless there was a concrete plan showing how they would be carried out.

Austria's Finance Minister Hans Joerg Schelling said on Tuesday he did not expect creditors and institutions to make further concessions to Greece in their cash-for-reforms negotiations.

"I believe that the institutions and creditors have made so many concessions to the Greeks that I cannot imagine that there can be further concessions," he said.

Greece's debt talks with international creditors are making progress but have not yet produced a breakthrough, Austrian Finance Minister Hans Joerg Schelling said on Tuesday, adding he could not tell if a deal was in reach next week.

Bloomberg’s article titled “Greece, Euro-Area Partners Target Deal” states that Greece and its eurozone partners are accelerating talks so as to break a deadlock over bailout aid. A solution can be found as early as next week, just in time for Greece to face its cash crunch.

By Karl Stagno Navarra, Eleni Chrepa & Jeff Black

Greece and its euro-area partners are stepping up talks in a bid to break an impasse over bailout aid as early as next week, even as the country's government sent conflicting signals over its willingness to agree on long- stalled reforms.

VIENNA - Austrian Finance Minister Hans Joerg Schelling hopes Greece's new negotiating team will make faster progress in debt talks with international creditors and that negotiations do not go back to square one, he said on Tuesday.