Monday, November 20, 2017
 
 
News: Page (1) of 1 - 10/03/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Eurozone set to struggle over Greek bailout
Eurozone set to struggle over Greek bailout after Athens warns it will miss budget targets
By The Associated Press

LUXEMBOURG (AP) ' Finance ministers from the 17 euro countries will grapple over Greece's ever-worsening debt crisis, a day after Athens revealed its deficit will be higher than previously promised.

Meeting the budget targets is a precondition for getting the next euro8 billion ($10.8 billion) installment of the country's first, euro110 billion bailout.

Although the ministers have already said they won't decide on the next payment at their meeting Monday in Luxembourg, Athens' pre-emptive announcement that the targets will be missed is set to put the issue high up on the agenda.



The announcement will also force the eurozone to decide whether they will go ahead with a second euro109 billion rescue package tentatively agreed in July. Germany, among others, has been pushing to reopen that deal.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

LUXEMBOURG (AP) ' Finance ministers from the 17 euro countries will grapple over Greece's ever-worsening debt crisis, a day after Athens revealed its deficit will be higher than previously promised.

Meeting the budget targets is a precondition for getting the next euro8 billion ($10.8 billion) installment of the country's first, euro110 billion bailout.

Although the ministers the targets will be missed is set to put the issue high up on the agenda.

The announcement will also force the eurozone to decide whether they will go ahead with a second euro109 billion rescue package tentatively agreed in July. Germany, among others, has been pushing to reopen that deal.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines