Bureau Chief, Brussels
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Feb 20, 2012

Decision day for 2nd Greek bailout, financing gaps remain

BRUSSELS, Feb 20 (Reuters) – Euro zone finance
ministers are expected to approve a second bailout for Greece on
Monday, a move they hope will draw a line under months of
turmoil that has shaken the currency bloc, although there is
work to be done to make the figures add up.

Diplomats and economists do not expect the package to
resolve Greece’s economic problems: that could take up to a
decade or more – a bleak picture increasingly apparent to
several thousand Greeks who demonstrated on Sunday against
seemingly endless austerity measures.

Feb 19, 2012

Greece primed for 2nd bailout package

BRUSSELS (Reuters) – Euro zone finance ministers are expected to approve a second rescue package for Greece at a meeting on Monday, a move officials hope will draw a line under four months of social unrest and financial market turmoil that has shaken Athens.

Diplomats and economists do not expect the package to resolve Greece’s economic problems: that could take up to a decade or more.

Feb 19, 2012

Greece primed for 2nd bailout package, financing gaps remain

BRUSSELS, Feb 19 (Reuters) – Euro zone finance
ministers are expected to approve a second rescue package for
Greece at a meeting on Monday, a move officials hope will draw a
line under four months of social unrest and financial market
turmoil that has shaken Athens.

Diplomats and economists do not expect the package to
resolve Greece’s economic problems: that could take up to a
decade or more.

Feb 15, 2012

Exclusive – Euro zone ponders delay of second Greek programme

BRUSSELS (Reuters) – Euro zone finance officials are examining ways of delaying parts or even all of a second bailout programme for Greece while still avoiding a disorderly default, several EU sources said on Wednesday.

Delays could possibly last until after the country holds elections expected in April, they said.

Feb 15, 2012

Euro zone ponders delay of 2nd Greek program

BRUSSELS (Reuters) – Euro zone finance officials are examining ways of delaying parts or even all of the second bailout program for Greece while still avoiding a disorderly default, several EU sources said on Wednesday.

Delays could possibly last until after the country holds elections expected in April, they said

Feb 14, 2012

Greek leaders blow chance of quick EU bailout approval

BRUSSELS/ATHENS, Feb 15 (Reuters) – Euro zone finance
ministers have dropped plans for a special face-to-face meeting
on Wednesday on Greece’s new international bailout, saying
political party chiefs in Athens had failed to provide the
required commitment to reform.

A day before euro zone finance ministers had been due to
meet in Brussels to consider the bailout, the man most likely to
be Greece’s next prime minister had yet to sign a commitment to
implement the austerity measures demanded by the EU and IMF.

Feb 14, 2012

Eurozone ministers eye February 20 meeting on Greece

BRUSSELS (Reuters) – Eurozone finance ministers abandoned a plan to gather on Wednesday to discuss aid for Greece and instead decided to talk by phone as they continued to grapple with unresolved problems over a financial rescue plan.

Greece needs a second package of financial aid to save it from disorderly default.

Feb 14, 2012

Eurogroup drops face-to-face talks on Greece

BRUSSELS/ATHENS (Reuters) – Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece’s new international bailout, as the cabinet in Athens argued up to the last minute on plugging a 325 million euro (271.7 million pound) gap in its austerity plan.

Ministers in the Eurogroup had been expected to gather in Brussels on Wednesday for a meeting which, if all had gone to plan, would have approved the 130 billion euro rescue and save Greece from a messy bankruptcy next month.

Feb 14, 2012

Eurogroup drops face-to-face bailout talks as Greeks argue

BRUSSELS/ATHENS, Feb 14 (Reuters) – Euro zone finance
ministers dropped plans on Tuesday for a special face-to-face
meeting on Greece’s new international bailout, as the cabinet in
Athens argued up to the last minute on plugging a 325 million
euro ($427 million)gap in its austerity plan.

Ministers in the Eurogroup had been expected to gather in
Brussels on Wednesday for a meeting which, if all had gone to
plan, would have approved the 130 billion euro rescue and save
Greece from a messy bankruptcy next month.

Feb 10, 2012

EU/Athens standoff fuels possibility of Greek default

BRUSSELS (Reuters) – In the marathon tennis match that is the Greek debt crisis, the ball is firmly back in Athens’ court and the consensus that a bailout deal will eventually be done is starting to fray a little.

After a ‘deal’ was struck among Greek political leaders on Thursday, euro zone finance ministers in Brussels took one look at Greek Finance Minister Evangelos Venizelos’ figures and promptly told him to go back to Athens and do more.

    • About Luke

      "Luke is bureau chief for Reuters in Brussels. The 25-strong, multimedia bureau covers all European Union issues, from trade, energy and agriculture to foreign policy, competition, regulation and economic affairs. The bureau is also responsible for coverage of NATO and Belgian politics, economics and company news. In his beat, Luke covers foreign affairs, with a focus on the Middle East and Iran, and writes about EU economic policy. He was previously based in London, where he was defence correspondent, and before that had postings in Jerusalem, Baghdad, Rome and Johannesburg."
      Joined Reuters:
      1997
      Languages:
      English, Italian, French, Spanish
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