Wednesday, July 3, 2013

Eurozone crisis as it happened: Portugal's foreign minister quits as Greece warned over bailout loans

Eurozone tensions are building again as the Greek government resumes talks with its international lenders today over its austerity programme. At stake, the next tranche of aid loans for Greece, worth over €8bn.
Oficials from the Troika are due to meet with the country's new health minister, Adonis Georgidis, to discuss a €1bn funding gap in Greece's finances caused by debts at its main healthcare provider, EOPYY.
There is concern in Greece that the Troika will demand further cutbacks to keep Greece 'on track' with its bailout targets. Georgidis has already hinted at closing some state hospitals to fix the black hole....
Troika officials are also scheduled to hold talks with labour minister Yiannis Vroutsis today, who has already refused to accept any further cuts to the minimum wage.
The Troika have already been pressuring Athens to push on with its promised overhaul of the civil service -- laying off 15,000 people by the end of 2015.

http://www.guardian.co.uk/business/2013/jul/02/eurozone-crisis-greece-troika-portugal-spain


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