EU Official Says Stalled Aid Talks Block Greece Payments
This article is for subscribers only.
Greece must continue to wait for further payments from its rescue program because the country remains far apart from euro-area authorities on 2014 budget needs, a European Union official told reporters today.
Greece still hasn’t met the milestones required to get a 1 billion euro ($1.3 billion) installment from its previous aid review, the official, who asked not to be named because the deliberations are ongoing and in private, said in Brussels. Further payments are on hold until EU authorities conclude the current review, which probably won’t wrap up in time for a decision this month or even this year, the official said.