Another delay to the next tranche of aid for Greece forces the country to go cap in hand to the markets for money.
11:06am Tuesday 13 November 2012
Debt-laden Greece has been forced to tap the financial markets further to avoid bankruptcy after Eurozone finance ministers delayed a crucial aid payment.
The country, which faced a bond repayment on Friday it could not afford, was banking on Eurozone finance ministers releasing a long-delayed 31 billions euros (£23.5bn) to meet the bill.
But at a meeting on Monday night the ministers said they would have to gather again on November 20 to make a decision because there was still work to do on finalising the details of the bailout.
Eurogroup head Jean-Claude Juncker said Greece had made progress on its commitments to reduce debt and the public deficit - and insisted there would be no problem for Athens in rolling
|Liveleak on Facebook|