November 23, 2010
Mounting fears over the future of the eurozone were compounded today by a mixed assessment of Greece's fiscal progress, six months after the debt-laden country was rescued from near collapse.
While Athens' foreign creditors agreed to hand over the third part of a €110bn rescue package – drawn up to stave off a sovereign default in May – they emphasised that an "extra effort" was needed to rein in its budget deficit next year and warned that "important challenges" lay ahead.
Poul Thomsen, the International Monetary Fund's Greek mission chief, said: "The programme is off to an impressive start but it is also at a crossroads."
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