A second 109 billion euro bailout agreed in July, after it became clear Greece would not be able to return to bond markets, has also hit snags. Euro zone partners are asking for collateral before giving Athens more cash and banks are slow to participate in a bond swap scheme key to the deal. Papandreou was to meet United Nations Secretary-General Ban Ki-Moon in New York on Sunday and IMF head Christine Lagarde on Tuesday. Venizelos is still due to attend an IMF meeting in Washington later in the week.
A second 109 billion euro bailout agreed in July, after it became clear Greece would not be able to return to bond markets, has also hit snags.
ReplyDeleteEuro zone partners are asking for collateral before giving Athens more cash and banks are slow to participate in a bond swap scheme key to the deal.
Papandreou was to meet United Nations Secretary-General Ban Ki-Moon in New York on Sunday and IMF head Christine Lagarde on Tuesday. Venizelos is still due to attend an IMF meeting in Washington later in the week.