BERLIN (AP) — Germany's finance minister said in an interview published Sunday that he can't see room for further concessions to Greece, insisting anew that the country must implement far-reaching reforms and cut its budget deficit.
International debt inspectors are scrutinizing Greece's finances and its progress in implementing unpopular budget cuts and reforms demanded in exchange for the rescue loan program that is keeping the country afloat.
If the inspectors' report, expected in September, is damning, Athens could stop receiving rescue loans and face a disorderly bankruptcy and exit from the 17-nation euro.
[...] a political crisis sparked by fierce rivalry between Greece's main political parties stalled the reforms for three months, and a three-party coalition finally emerged in June after two inconclusive elections.
International debt inspectors are scrutinizing Greece's finances and its progress in implementing unpopular budget cuts and reforms demanded in exchange for the rescue loan program that is keeping the country afloat.
If the inspectors' report, expected in September, is damning, Athens could stop receiving rescue loans and face a disorderly bankruptcy and exit from the 17-nation euro.
[...] a political crisis sparked by fierce rivalry between Greece's main political parties stalled the reforms for three months, and a three-party coalition finally emerged in June after two inconclusive elections.
 |
| READ THE ORIGINAL POST AT www.sfgate.com |