Greek PM Alexis Tsipras is under pressure to implement this summer’s bailout deal. Photograph: Alkis Konstantinidis/Reuters
BRUSSELS/ATHENS (Reuters) - Euro zone finance ministers are unlikely to release the next, 2-billion euro tranche of loans for Greece on Monday because there is still no agreement with Athens on several reforms, including a law on foreclosures, officials said.
Finance ministers of the 19 countries sharing the euro are to meet later on Monday in Brussels to take stock of progress on reforms in Greece, which in July got its third bailout loan in five years on the condition it would implement more reforms.
The release of the 2-billion euro ($2.16 billion)tranche now mainly depends on a deal between Greece and its creditors on the level of protection that Greek homeowners should be given if they are unable to service their mortgages on primary residences.
WNU Editor: Apparently Greece has not instituted the reforms as promised. It looks like this "dog and pony" show is becoming a rerun.
More News On The Greek Financial Crisis
Greece battles with creditors over new bailout payment - business live -- The Guardian
Euro zone won't release new money for Greece on Monday - officials -- Reuters
Greece's €2bn payment still blocked -- EU Observer
Greece, lenders stuck over treatment of bad loans in first part of aid -- Reuters
Eurozone Finance Ministers Won’t Release $2.15 billion Loan to Greece -- WSJ
Greece told to break bailout deadlock by Wednesday -- ekathimerni
Greece wants political solution on bad debt dispute blocking review -- Reuters
France Wants Euro Group Accord on Greece Today, Sapin Says -- Bloomberg
France backs Greece over home repossessions in aid talks -- RFI
Greece fast approaching euro exit door-poll -- Gulf News/Reuters
2 comments:
You cannot borrow yourself out of debt. When you see the crunch coming acquire as much debt as you can, salt the money away and they go bankrupt.
WNU,
Ole Alexis ain't looking so good in the above picture.
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