Creditors Withhold 2 Billion Euro Bailout Payment From Greece
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Luis de Guindos, Spain’s economy minister, left, and Euclid Tsakalotos in Brussels on Monday.CreditOlivier Hoslet/European Pressphoto Agency
ATHENS — Greece’s international bailout program has hit snags, delaying release of the next payout of rescue money.
Despite a weekend of negotiations by telephone, Greek officials and the country’s foreign creditors remained at odds. At a meeting in Brussels on Monday, eurozone finance ministers debated whether Athens had met the first set of conditions to unlock the next installment of the bailout of 86 billion euros (about $92 billion).
The ministers decided to delay the release of the payout, a sum of €2 billion, but indicated it might be dispensed soon…
Creditors Withhold 2 Billion Euro Bailout Payment From Greece
