WebSify
Follow us on
Mail
Print

News Summary: Euro officials discuss Greek crisis

Source : AP
Last Updated: Mon, Nov 26, 2012 16:45 hrs

: For the third time in two weeks, finance ministers from the 17 European Union countries that use the euro are trying to strike a deal on the next installment of bailout money for struggling Greece.

THE DETAILS: The ministers are meeting in Brussels to release some €44 billion ($56.8 billion) for Greece, which still owes money it was supposed to repay last week.

THE STICKING POINT: Greece is unlikely to complete its program of budget cuts and reforms by 2014 and will likely receive a two-year extension plus several billion more. It is disagreements over how to fund this that have stopped Greece from getting its money.




blog comments powered by Disqus
most popular on facebook
talking point on sify finance