European finance ministers have cancelled a meeting scheduled for Wednesday that was to discuss Greece’s second bailout. Eurozone members say Greece has failed to meet all the conditions needed in order to receive its next rescue loan. The group had demanded Greece detail how it will cover its budget gap of $428m. Al Jazeera’s John Psaropoulos, reporting from Athens, said the cancellation was the latest in a line of procedural hiccups. He said “the Greeks have gone to Brussels unprepared with respect to precisely where the 325m euro [$428m] that was still outstanding” from the $3.9bn in cuts that were meant to be made this year. “What I am hearing from the Greek government…
Posted by Breaking News Online
on February 20, 2012. Filed under News.
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Posted by Breaking News Online
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