Wednesday 13 December 2017

Europe cancels Greece meeting

EUROZONE finance ministers have postponed an extraordinary meeting this evening, warning Athens had not provided assurances that it would respect bailout terms.

The ministers were due to approve about ¤130bn in aid at a meeting in Brussels today.

But now patience with Greece is growing thin and Eurogroup Chairman Jean-Claude Juncker (above) said ministers would hold only a telephone conference call to discuss "outstanding issues."

Greece has fulfilled only one of three conditions set last week: the approval by the parliament on Sunday of a ¤3.3bn austerity package, despite political tension and violent street protests.

Juncker said he was still awaiting written undertakings from Greek party leaders on pushing through pay, pension and job cuts.

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