Whenever Greece takes a step forward in addressing its financial crisis, the country then seems to take two steps back. Greece’s chances of avoiding a painful default seem to have taken yet another step back, as Eurozone finance ministers have questioned the country’s willingness to commit to reforms.
European finance ministers have insisted that Greece stick to promised reforms in order to receive the next round of bailout funds but there are signs from Greece that it might still be trying to get better terms in any deal to prevent a default that it reaches with the Eurozone finance ministers.
Greek Finance Minister Evangelos Venizelos complained that his country is constantly being asked to jump over more hurdles in order to receive the bailout funds that are needed by Greece in order to avert a financial catastrophe. Venizelos said that the Eurozone finance ministers were “playing with fire” and that some of them might not even want Greece to remain within the Eurozone anymore.
This news item was republished from eToro Forex news website
Popularity: 2% [?]
- Coded by
Add A Comment