Europe Wants Greece to Work Harder for Aid Payout
- Euro-area finance ministers to discuss review delays on Monday
- Greece resists calls for cuts, euro area denies debt relief
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As Greek efforts to conclude a year-old review of its rescue program stall, the government’s ability to regain access to the public debt market grows slimmer, increasing the possibility Athens will have to seek another unpopular strings-attached bailout program.
Euro-area finance ministers meet in Brussels on Monday to once again tell Greece it needs to do more to get a new aid disbursement. “A definitive accord is not to be expected today,” German Finance Ministry spokesman Juerg Weissgerber told reporters in Berlin before the gathering. “We all hope” that delegates of the creditor institutions “will be able to return relatively quickly to Greece” to continue assessment of whether the country is meeting bailout terms, he said.