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Europe Fails to Agree on Greek Aid Payout
By James G. Neuger and Stephanie Bodoni - Jun 19, 2011 5:28 PM PT
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Greek 'Indignants' protest for the fourth consecutive week against new austerity measures in front of the Greek parliament, in the central Syntagma square of Athens, on June, 19, 2011. Photographer: Louisa Gouliamaki/AFP/Getty Images
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George Papandreou, Greece's prime minister. Photographer: Louisa Gouliamaki/AFP/Getty Images
Luxembourg's finance minister Luc Frieden, left, Germany's finance minister Wolfgang Schauble, center, and Luxembourg's prime minister and Eurogroup president Jean-Claude Juncker talk prior to a Eurogroup meeting at the EU Headquarters in Luxembourg. Photographer: Georges Gobet/AFP/Getty Images
European governments failed to agree on releasing a loan payout to spare Greece from default, ramping up pressure on Prime Minister George Papandreou to first deliver budget cuts in the face of domestic opposition.
On the eve of a confidence vote that may bring down Papandreou’s government, euro-area finance ministers pushed Greece to pass laws to cut the deficit and sell state assets, and left open whether the country will get the full 12 billion euros ($17.1 billion) promised for July.
“We forcefully reminded the Greek government that by the end of this month they have to see to it that we are all convinced that all the commitments they made are fulfilled,” Luxembourg Prime Minister Jean-Claude Juncker told reporters early today after chairing a seven-hour euro crisis meeting in Luxembourg.
Decisions on the next payout and a three-year follow-up package were put off until early July, prolonging Greece’s fiscal agony and heightening the brinksmanship that has marked Europe’s handling of the unprecedented debt crisis.
To contact the reporters on this story: James G. Neuger in Luxembourg at jneuger@bloomberg.net; Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net
To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net |
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发表于 2011-6-19 08:03 PM
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