Swift deal on Greece needed to avert fresh uncertainty, EU's Dombrovskis says

There are costs in delaying agreement on Greece's bailout review, the European Commission's vice president responsible for the euro was quoted as saying on Thursday, and a solution needs to be found swiftly.

Inconclusive talks between Greece and its international creditors on economic reforms and debt relief have cast doubt over the future of Greece's 85 billion euro bailout program.

"There is a common understanding that time lost in reaching an agreement will have a cost for everyone," Valdis Dombrovskis told Greek news portal Euro2day.

Dombrovskis, however, said the situation in Greece could not be compared with to the situation in early 2015 when the country narrowly avoided default and toppling out of the euro zone.

Delays in the bailout review mean delays in financial aid. Greece has about 7.5 billion euros of debt falling due by July, which it is...

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