Greece's international creditors failed to agree Monday on how to get the country's bailout program back on track and put off again the release of the next batch loans that Athens is using to pay its day-to-day bills.
"Today a huge step has been made in order to secure the program on Greece, in order to enhance the confidence on the eurozone, in order to find a strong and definite solution for this question, which has lasted for more than two years now," said French Finance Minister Pierre Moscovici, as he left the meeting of finance ministers from the 17 countries that use the euro.
The country has received about $190.6 billion of those loans so far, in exchange for making tough budget cuts and sweeping reforms to its labor market and bureaucracy.
"Today a huge step has been made in order to secure the program on Greece, in order to enhance the confidence on the eurozone, in order to find a strong and definite solution for this question, which has lasted for more than two years now," said French Finance Minister Pierre Moscovici, as he left the meeting of finance ministers from the 17 countries that use the euro.
The country has received about $190.6 billion of those loans so far, in exchange for making tough budget cuts and sweeping reforms to its labor market and bureaucracy.
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