Jeroen Dijsselbloem

Greek creditors hopeful new government will deliver reforms

As the eurozone's 19 finance ministers were meeting in Luxembourg to discuss the country's outlook, Greece's left-led government was set to submit its draft 2016 government budget to parliament.

Eurogroup chief rules out Greek debt deal renegotiation

Greeks go to the polls on Sept. 20 with former prime minister Alexis Tsipras seeking a stronger mandate to implement unpopular reforms needed to secure the 86 billion euros ($97 billion) rescue program.

Eurogroup chief Jeroen Dijsselbloem said Saturday that renegotiation is "not possible" regardless of who wins "so work must continue" on reforms required to secure the loans.

Speaking after chairing a meeting of the 19-nation currency bloc, he said that finance ministers had not discussed any debt relief for Greece.