Greece is one step closer to running out of money, after a meeting of European finance ministers Friday closed without a deal or any indication that a compromise over a needed influx of bailout money was likely before the end of the month. The impasse is bringing Athens closer to default and the possible need to leave the eurozone.
Instead of an agreement that would unlock the next $7.8 billion in bailout money, both sides restated their cases at a meeting in Riga, Latvia, on Friday. Eurozone leaders reiterated that Greece needs to implement an array of fiscal reforms and budget …read more
Source: Foreign Policy
