BRUSSELS — The eurozone is likely to decide on a third bailout for Greece in November, after international inspectors finish an assessment of Greece’s struggles to carry out painful reforms, officials said on Thursday.
The International Monetary Fund and Greece estimate that Athens will need 10-11 billion euros in new financing in 2014- 2015 above what the eurozone and the International Monetary Fund have agreed to so far.
BRUSSELS/ATHENS — Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four eurozone officials said on Tuesday.
The lenders are unhappy with progress Greece has made towards reforming its public sector, a senior eurozone official involved in the negotiations said, while another said they might suspend an inspection visit they resumed on Monday.
By Peter Boone and Simon Johnson
In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them.
(BRUSSELS) — Greece‘s international creditors failed to agree Monday on how to get the country’s bailout program back on track and put off again the release of the next batch loans that Athens is using to pay its day-to-day bills. However, European finance ministers meeting in Brussels did decide to give Greece two more years until 2016 to reform its economy — one of the conditions of its bailout package. But they could not agree on how to pay for the extension or when the country’s debts would reach a manageable level.
A few hours ago, Greek lawmakers approved a reform law to unlock about €8.8 billion of rescue loans from the European Union and the International Monetary Fund. The law, which was a condition for further aid installments, passed easily with the solid backing of the three parties comprising Greece's ruling coalition, by 168 to 123 votes.