Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Europe May Withhold Half of Greek Payment

Europe May Withhold Half of Greek Payment

European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.

Euro-area finance ministers may authorize only a 6 billion- euro loan to tide Greece through bond redemptions in July, while further aid hinges on Greek budget cuts, Belgian Finance Minister Didier Reynders said.

http://www.bloomberg.com/news/2011-06-19/europe-may-withhold-half-of-greek-payment.
html

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.