Alexa
  • Directory of Taiwan

Official: No aid for Greece if targets missed

Official: No aid for Greece if targets missed

The top representative for the 17 eurozone countries says that if Greece fails to meet the targets set out in its bailout program it may not get its next vital loan tranche.
Luxembourg Prime Minister Jean-Claude Juncker who also chairs the group of eurozone finance ministers says "all the conditions set out by the Eurogroup have to be respected. If that is not the case, it is not sure that the payment of the next loan tranche can take place."
Juncker made the comments on a visit to Bulgaria.
Greece's debt inspectors interrupted their bailout review last week amid disagreement over the country's 2011 and 2012 deficit figures.
They are now waiting for Greece to show how it plans to meet the targets.
Without the (EURO)8 billion ($11.23 billion) aid installment Greece will default on its debts within weeks.


Updated : 2021-05-09 16:38 GMT+08:00