Wall Street Journal
September 18, 2011
Currency markets will focus on developments in Greece this week as other euro-zone countries take an increasingly strict position regarding the Athens government and its fiscal problems.
Pressure on Greece has increased since talks with visiting international inspectors were abruptly suspended earlier this month after it appeared the country would overshoot its budget deficit for this year. Without fresh aid, Greece will run out of money by mid-October.
At the weekend meeting of European finance ministers in Wroclaw, Poland, that concluded Saturday, finance officials from other members of the 17-country euro zone warned that Greece may not receive the next €8 billion ($11.04 billion) tranche under its bailout agreement in October, according to Greek officials familiar with the matter.
More
No comments:
Post a Comment