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Monday, August 10, 2015

Germany wants strict conditions attached to new Greek bailout

By Paul Carrel BERLIN (Reuters) - Germany pressed on Monday for strict conditions to be attached to a new bailout accord for Greece, arguing for aid payments to be tied to Athens' reform progress and holding out the possibility of a delayed final deal. The hard line from Berlin reflected popular misgivings in Germany about funnelling yet more aid to Athens and policymakers' loss of trust in the Greek government of left-wing Prime Minister Alexis Tsipras. An accord for up to 86 billion euros ($94 billion) in fresh loans to the debt-stricken nation must be in place by Aug. 20, when a debt repayment to the European Central Bank is due.


READ THE ORIGINAL POST AT uk.news.yahoo.com