NEW DELHI (Reuters) - European Commission President Jose Manuel Barroso expressed confidence that a second bailout package for Greece would be finalized next week, but said Athens needed to implement structural reforms to restore confidence in its economy. The European Union and the International Monetary Fund have shown increasing frustration with Athens over its broken promises and weeks of …
Here is the original post:
Barroso expects Greece bailout package next week
By Demetris NellasDEMETRIS NELLAS ATHENS, Greece — Politicians met with Prime Minister Lucas Papademos on Sunday to consider demands by Greece's creditors for tougher austerity measures, private-sector pay cuts and layoffs of civil servants.
Here is the original post:
Talks on Greek Bailout Hang in Balance
Greece’s efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an agreement.
Read the original post:
Greek Bailout Hangs on Razor’s Edge as Reforms, Cuts Sought
