You're reading: Eurozone scraps Greece meeting for phone talks

A spokesman for the Eurogroup says the 17 eurozone finance ministers have canceled a planned meeting on July 3 and will instead discuss new aid for Greece in a phone conference on July 2.

A spokesman for Jean-Claude Juncker, the prime minister of Luxembourg and chairman of the Eurogroup, said the phone conference had been scheduled for Saturday evening.

He didn’t provide a reason for the change in the plan and said he didn’t know whether a statement would be released after the call.

The ministers are expected to sign of on a €12 billion ($17 billion) loan installment of Greece’s existing bailout, without which the debt-ridden country would default in July. They also planned to make progress on a second bailout for Greece.