EU FinMins Withhold Greek Loan until New Austerity

Finance ministers from the European Union meeting in Luxembourg decided overnight to postpone their decision on the last tranche of the EUR 110 B loan to Greece. Greece first must implement far-reaching austerity measures including privatization and social benefits cutbacks amounting to EUR 28 M, before receiving the last instalment of EUR 12 B This was decided at an emergency meeting of EU ...

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Source: Novinite

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