Tags: EU | Greece | Bailout

Greece Struggling to Convince Creditors to Release Cash

Greece Struggling to Convince Creditors to Release Cash

Monday, 09 November 2015 09:45 AM

BRUSSELS (AP) — Greece is at loggerheads — again — with European creditors over its bailout promises.

Following a period of relative calm on the Greek debt crisis front, the country is facing pressure to deliver on reforms to get money due from its new bailout program, agreed on this summer. Greece also has to clear a number of hurdles to keep getting its bailout loans, as well as to start discussions on restructuring its existing debts.

The 19 eurozone finance ministers, including Greece's Euclid Tsakalotos, meet in Brussels Monday to discuss the issue.

Tsakalotos will try to convince his peers to release a 2 billion euro ($2.2 billion) bailout installment. Greece and its creditors remain at odds over how to deal with people deep in arrears on their mortgages.

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Greece is at loggerheads - again - with European creditors over its bailout promises.Following a period of relative calm on the Greek debt crisis front, the country is facing pressure to deliver on reforms to get money due from its new bailout program, agreed on this...
EU,Greece,Bailout
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2015-45-09
Monday, 09 November 2015 09:45 AM
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