herald

Thursday 19 October 2017

Five days for Greece

Greece has until just Monday to prevent its debt crisis deteriorating even further after euro zone officials ruled out speedy access to emergency funds, three officials said aftre a conference call of finance ministry deputies.

The door was left open for Greece to access €1.2bn previously allocated to aid its banking system, but only if the cash-strapped nation can show by Monday how it will move ahead with reforms demanded by European authorities.

Greece can't get faster access to the bank-aid money, the European Financial Stability Facility said after yesterday's call.

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