Reuters - Anger at Greece's failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking openly about the possibility of Athens exiting the euro zone.
BERLIN (Reuters) - Anger at Greece's failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking openly about the possibility of Athens exiting the euro zone.
Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point — with senior politicians now talking openly about the possibility of Athens exiting the euro zone
ATHENS — The European Central Bank was checking up on how well Greece is meeting its international bailout obligations on Wednesday, a day after Germany’s finance minister said a third aid programme would be needed to keep Athens afloat.
Joerg Asmussen, a member of the ECB’s executive board, was to meet Greece’ prime minister, finance minister and central bank governor, and to have talks with Greek business leaders.
ATHENS — The European Central Bank joined Germany on Wednesday in playing down talk of a third bailout package for Greece, but reaffirmed the eurozone would help the country trim debt as long as it stuck to its latest aid program.
Speaking in Athens a day after German Finance Minister Wolfgang Schaeuble bluntly predicted Greece would need a new bailout, ECB executive board member Joerg Asmussen said he had not discussed the issue at talks with senior Greek officials.
BRUSSELS — The eurozone must decide on Monday how to keep Greece on a lifeline but is divided over whether to delay aid payments to Athens to force through unpopular reforms ranging from sacking public workers to selling state assets.
A split in Greece’s governing coalition over how to shrink the country’s public sector has cast doubt upon Athens’ ability to meet the demands of its bailout programme. International creditors said on Monday that “the outlook remains uncertain.”
Hold your horses on that "finalized" deal. There are still numerous austerity measures to implement, details to wrap up, ribbons to cut, and bows to tie. Thus, the Greek Race to Unlock Bail-Out is on.
The Greek government is racing to complete a lengthy checklist of reforms demanded by international lenders before the end of February to unlock a €130bn bail-out agreed in the early hours of Tuesday morning after months of high-stakes bargaining.
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.
At long last, everyone is willing to wave the white flag on a Greece exit from the eurozone. Please consider German Vice Chancellor ‘Very Skeptical’ Greece Can Be Rescued.
German Vice Chancellor Philipp Roesler said he’s “very skeptical” that European leaders will be able to rescue Greece and the prospect of the country’s exit from the euro had “lost its terror.”