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Economy

xchrom

(108,903 posts)

20. GREECE HEADS FOR CLASH WITH CREDITORS AT EMERGENCY MEETING

Reply to Tansy_Gold (Original post)

Wed Feb 11, 2015, 08:32 AM

Feb 2015

http://hosted.ap.org/dynamic/stories/E/EU_GREECE_BAILOUT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-02-11-06-05-57

BRUSSELS (AP) -- Greece's new government is set to clash with its eurozone creditors at an emergency meeting in Brussels over its request to ease the terms of its bailout program.

Wednesday's gathering of finance ministers from the 19 eurozone countries was called to find common ground on Greece's demand to reduce the burden of its bailout loans and ease back on budget austerity measures.

The new radical left government won elections last month on a promise to get concessions from Greece's creditors, which also include the International Monetary Fund.

On the eve of the meeting, Prime Minister Alexis Tsipras said there is "no way back" for his government in its quest to rewrite the bailout terms.

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