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Tuesday, September 06, 2016

Greek Bailout Frozen - The Greek Farce Continues

The wheels have fallen off the Greek bailout wagon yet again.

After approving a first tranche of €10.3bn for Greece this spring, of which €7.5bn has so far been released, the 19 Euro finance ministers were due to disburse the rest this month but are to withhold payment for the rest of the year.

For why?

Greece has only implemented 2 of the 15 agreed reforms that were meant to be implemented in order for it to receive the bailout.

The farce continues!

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