herald

Monday 18 December 2017

Greece stalls on bailout

GREEK political parties have again delayed a decision on whether to accept painful measures in return for a new international bailout to avoid a default.

Leaders of the three parties in the coalition of Prime Minister Lucas Papademos postponed a crucial meeting until today. One party official blamed the delay on missing paperwork -- the same reason given when the meeting was postponed to yesterday.

"The reason is that the political leaders will not have the time to assess the measures in the bailout," said the party official.

The heads of the conservative, socialist and far-right parties had yet to receive the draft agreement with the EU and IMF only half an hour before the scheduled start of the meeting this evening.

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