Join us
The 130bn-euro (£110bn; $170bn) Greek bailout package requested by Greece has Eurozone finance ministers demanding greater scrutiny of Greece’s ailing economy.
A three hour conference call on Wednesday between Finance Ministers scrutinised the planned Greek budget cuts and, while praising the “substantial progress” that Greece had made, greater levels of detail, including a full timeline of events for implementing measures was demanded.
A decision on the bailout is expected to be finalised on Monday.
A final decision on the bailout is expected to be completed on Monday with Greece facing an oncoming mid-March deadline to make repayments 14.5bn-euro bond, or face bankruptcy.
The EU and IMF have demanded that Greece make deep cuts and restructure its economy in return for the bailout.
Tags: EU, eurozone, finance ministers, greek bailout, greek crisis, IMF
