Greece lobbies for bailout cash

p38245World-News-5-1

Published: Tuesday 5th May 2015 by The News Editor

Comments (0)

Greek Finance Minister Yanis Varoufakis is meeting top European officials in Paris and Brussels as the cash-strapped country seeks the swift release of delayed bailout money that it needs to keep up with its debt payments.

Mr Varoufakis met French Finance Minister Michel Sapin this morning and is scheduled to hold talks with European Union Economic Affairs Commissioner Pierre Moscovici in Brussels later today.

Meanwhile, Greek Deputy Prime Minister Yannis Dragasakis is due to meet European Central Bank President Mario Draghi in Frankfurt.

The Greek government is struggling to deliver economic reforms and budget measures demanded by creditors to unlock the remaining 7.2 billion euros (£5.3 billion) in its bailout fund.

Without that money, Greece may run out of cash and decide to leave the euro.

Published: Tuesday 5th May 2015 by The News Editor

Comments (0)

Local business search