Greeks fail to agree on bailout terms

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Series Details 25.10.12
Publication Date 25/10/2012
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Greek politicians on the 25 November 2012 failed again to finalise an overhauled bailout that would give them two additional years to meet tough deficit targets after a holdout leader of a small coalition party continued to resist sweeping labour reforms.

Despite delays in Athens, eurozone and International Monetary Fund officials met in Brussels to begin negotiations over how to pay for the revised programme. Officials were hoping to complete a deal before a 13 November 2012 meeting of eurozone finance ministers.

Deutsche Welle in a feature on the 26 October 2012 examined why the publication of the latest review of the actions taken by the Greek government by the Troika (IMF/EC/ECB) was being repeatedly delayed.

Related Links
ESO: Key source: The Greek Debt Crisis
ESO: Background information: Greek bailout woes back to haunt leaders
BBC News, 24.10.12: Greece to get bailout extension, says finance minister
Deutsche Welle, 24.10.12: Greece reportedly given more time to fix ailing state budget
Kathimerini, 25.10.12: Euro Working Group starts talking Greece
Spiegel Online International, 25.10.12: Euro-Zone Plans to Fix Greece Have Failed
Spiegel Online International, 24.10.12: Report Says Greece Will Get More Time
Deutsche Welle, 26.10.12: Rumors abound over delayed troika report
Kathimerini, 27.10.12: Crisis talks on package
EUObserver, 26.10.12: Greece deal delayed by troika discord, government quarrels
EUObserver, 29.10.12: Report: Troika suggests further debt write-down for Greece
Kathimerini, 28.10.12: Troika refuses to make concessions on labor reforms, says FinMin
Kathimerini, 29.10.12: Final stretch for Greece before Eurogroup

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