m22au
Registered: Mar 2002
Posts: 3138 |
10-04-12 04:22 AM
It looks like further patience may be required while we wait for Greece to receive the 31.5 billion EUR bailout.
"Greece, Troika Remain Apart on Cuts"
http://online.wsj.com/article/SB100...=googlenews_wsj
By STELIOS BOURAS And PHILIP PANGALOS
ATHENSGreece's efforts to clinch a deal with its international creditors on a package of cuts by the end of this week are under threat, with the government saying Wednesday that a "fairly big" gap still separates the country from its lenders, while a fresh dispute emerged over proposed labor-market changes.
{snip}
Government officials now say that Europe might hold an extraordinary summit in November to approve the 31 billion ($40 billion) aid installment, most of which will go toward recapitalizing the country's banks, under Greece's 173 billion bailout.
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Debt crisis: as it happened, October 3, 2012
http://www.telegraph.co.uk/finance/debt-crisis-live/
http://www.telegraph.co.uk/finance/...ber-3-2012.html
17.43 Another Greek official told AFP that the country hopes to reach accord with international creditors by Monday. He said:
Quote More meetings will be held...we will know where we are on Monday [when eurozone finance ministers are to meet in Luxembourg].
17.15 Greece's talks with European debt inspectors are progressing well, but there is still "a large gap" between the two parties, according to the country's finance minister.
Yannis Stournaras told reporters:
Quote Discussions with the troika are on a good track. There is still a large gap, we are trying to reach a compromise to seal a deal.
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