New Greek Loans Prove Elusive as Talks Near on Post-Bailout Life [Bloomberg Business News]
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Source: Bloomberg Business News
Greece is not expected to get its next slice of financial aid just yet, as a couple of key reforms linked to the bailout loans remain outstanding, according to a report obtained by Bloomberg. The delay comes as the debt-ridden state seeks to convince investors and creditors it will soon be able to finance itself in markets without external help. The final audit of the country’s up-to 86-billion-euro ($107 billion) bailout is set to start later in February, less than six month before the program runs out in August. While Athens still has to complete two outstanding reforms before it receives the fresh loans, officials hope Greece will get the money within coming weeks, as talks are now centering on what arrangement the country should get after the the end of its eight-year financial supervision. The two issues holding back Greece’s next slice of aid worth 5.7 billion euros have to do with a court decision to allow the privatization of an old airport to move ahead and progres
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