Greece's ability to avoid default hangs in the balance asinternational monitors prepare to assess whether Prime MinisterGeorge Papandreou can meet the conditions of rescue loans.
European Union and International Monetary Fund inspectors hold ateleconference today at 7 p.m. Athens time with Finance MinisterEvangelos Venizelos, to judge whether the government is eligiblefor an aid payment due next month and on track for a second rescuepackage approved by EU leaders July 21.
“We can't move along without real implementation of fiscalreforms and we are late,” Venizelos said at a conference in Athenstoday. “We must reach the end of December with a cash balanceresult that's within fiscal targets.”
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
