European Salon de News, Discussion et Klatsch - 10 February | 83 comments (83 topical, editorial, 0 hidden)

Greece plays waiting game during eurozone meeting | Europe | DW.DE | 09.02.2012

Despite Greek political leaders finally agreeing on austerity measures to secure a second bailout, eurozone finance ministers meeting in Brussels are wavering on whether to green light the loans.
Despite reaching a deal Thursday on austerity measures demanded by Greece's international lenders as a condition for further aid, Greece does not have its next bailout completely locked up.
Final word still needs to be given by European finance ministers, who are meeting in Brussels. Greek Finance Minister Evangelos Venizelos, arriving for the meeting, said Greece "now needed the political endorsement of the eurogroup for the final step."

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:21:37 PM EST
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EUobserver.com / Economic Affairs / Greece announces breakthrough in bail-out talks

BRUSSELS - The new Greek bail-out began to take shape on Thursday (9 February) afternoon, when Prime Minister Lucas Papademos got political backing for his austerity plan and the European Central Bank signalled it might help.
"The government's discussions with the troika were concluded successfully this morning on the issue which had remained open for further elaboration. The political leaders have agreed on the result of these discussions ... Thus there is general agreement on the content of the new program," he said in a press statement.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:46:15 PM EST
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Greek coalition leaders agree on bailout reforms - GREECE - FRANCE 24

AFP - Greece's coalition leaders on Thursday reached a "general agreement" on additional austerity measures demanded by EU-IMF creditors in return for a debt bailout, the government said ahead of crunch eurozone talks.
"There is a general agreement on the contents of the new programme," the government said in a statement, referring to a eurozone bailout worth 130 billion euros ($171 billion) that officials have laboured on since October.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:52:28 PM EST
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European Salon de News, Discussion et Klatsch - 10 February | 83 comments (83 topical, 0 editorial, 0 hidden)