Greek deal prospects rise, euro ministers to meet |
| Reuters - Feb 8, 2012 |
Prospects of a deal on a second international bailout for Greece rose on Wednesday when euro zone finance ministers were summoned to talks in Brussels while Greek political leaders met to approve a tough reform and austerity program.
Eurogroup chairman Jean-Claude Juncker invited ministers from the 17-nation single currency area to meet on Thursday evening and the International Monetary Fund said managing director Christine Lagarde would also attend.
They are expected to examine a complex package involving a 130 billion euro EU/IMF rescue and a bond swap with private creditors, which hinges on Athens accepting conditions that require big cuts in many Greeks' living standards.
Juncker went ahead and called the meeting even though leaders of the three Greek coalition parties were still discussing with Prime Minister Lucas Papademos the terms of a rescue package to avoid a chaotic default in March that would send wider tremors around the world economy.
Read Full Article from Reuters
- Posted: 2012-02-08 14:14:28
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