BRUSSELS: Greece’s new government headed for a showdown with skeptical European partners yesterday as it took its demands to renegotiate its huge bailout to crunch talks in Brussels. The emergency meeting of eurozone finance ministers promises to be bruising, with Greek demands for a cash lifeline and a relaxation of austerity facing resistance from Germany in particular.
Markets worldwide are spooked by the renewed threat of Greece crashing out of the euro, with the country’s massive EU-IMF bailout set to expire at the end of February, leaving it at the risk of a default. Greek bond yields jumped and the Athens …read more
Source: Kuwait Times
