Greek Bailout On Knife Edge
Published / Last Updated on 27/09/2011
Greek Bailout On Knife Edge.
International Monetary Fund (IMF), European Commission and European Central Bank (ECB) officials will meet in Greece to review the progress in reducing its debt levels. The review follows reports of a split among eurozone members about further support for Greece.
Eurozone members are in the process of sanctioning proposals put forward in July. One proposal would see private lenders writing off about 20% of their loans to Greece.
G20 leaders also met over the weekend to discuss the best way forward, but no plan of action has yet been agreed, according to EU officials.