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Monday, November 12, 2012

No aid for Greece on Monday despite austerity vote

A man walks over an empty train station in Athens during a strikeBRUSSELS (Reuters) - - The euro zone will not authorize more money for Greece on Monday, despite the country approving a tough 2013 budget, because there is still no agreement on how to make its debts sustainable. Finance ministers meeting in Brussels should, however, give Athens two more years to meet its goals in talks about unfreezing lending to Greece. Loans have been held up after Athens went off-track with promised reforms and budget cuts, largely as a result of holding two elections in the space of three months. ...



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