Loading ...Euro Area Said to Give Greece Five Days to Deliver Plan
(Bloomberg) — Greece has until Monday to show how it will follow through on reform commitments after the euro area ruled out speedy access to aid funds, three officials said following a conference call of finance ministry deputies.
The currency bloc left the door open for Greece to access 1.2 billion euros ($1.3 billion) that has been allocated to aid the banking system, if the cash-strapped nation can show how it will move ahead with the changes that its creditors are seeking. At the same time, the euro zone’s other 18 members were adamant that Greece needs to deliver specific plans to see any more bailout cash, the officials said.