Euro-Zone Considers Greek Bailout Delay, While Avoiding Default-Reuters
February 15 2012 - 9:19AM
Dow Jones News
Finance officials from the euro zone are considering a delay to
all or part of a second bailout package being prepared for Greece,
while avoiding a default on its government debt, Reuters reported
Wednesday, citing a number of European Union sources.
Officials are reportedly considering a postponement until after
elections to be held in April, since they are worried Greece's
political leaders have not shown sufficient commitment to pushing
through the tough cuts to spending, wages and public sector jobs
needed to meet the terms of the bailout.
But officials are reported to be committed to ensuring the
government is able to meet a EUR14.5 billion repayment of its bonds
on March 20.
-By Paul Hannon, Dow Jones Newswires +44 20 7842 9491;
paul.hannon@dowjones.com
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