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6/15/11

Greece: disagreement on further bailout

An emergency session of euro finance chiefs in Brussels yesterday failed to break a deadlock on how to enroll investors in a second bailout without triggering a default, casting doubt on funds due from the International Monetary Fund next month.

In Athens, protesters gathered outside Parliament as lawmakers began to debate budget cuts and asset sales that are conditions of the aid. Ports, banks, hospitals and state-run companies were paralyzed by strikes today while a Papandreou ally said he won’t support the austerity measures and another bolted his Socialist Party.

EU-Digest

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