EU's Dombrovskis urges lenders to unblock new loans for Greece

The time has come for eurozone lenders to provide Greece with new loans, a vice-president of the European Commission said on Thursday, a week before eurozone finance ministers meet to discuss the Greek bailout program.

A deal next week on unblocking new loans for Greece is seen as crucial to prevent Athens from defaulting on debts due in July.

Representatives of eurozone states are meeting on Thursday in Slovenia to try to overcome a months-long stalemate over the Greek program, before finance ministers hold a regular meeting in Luxembourg on June 15.

"It's time to move with the next disbursement," Valdis Dombrovskis told a news conference in Brussels, stressing that Greece had already met its fiscal and reform obligations for the funds to be disbursed.

Dombrovskis said delays in unblocking loans to Greece, part of its 86-billion-euro ($96.6 billion) bailout...