So Europe's finance ministers have put off approval of the next installment of aid to Greece until July. They demand that the Greek Parliament first approve spending cuts and financial reforms that include a large-scale privatization program. This comes after some seven hours of talks in Luxembourg. Greece needs 12 bn euros from the 110 bn euros bail out package by mid-July to avoid default.
Will Greece ever come out of this mess or will it be left dangling in thin air by the IMF? It's a wait and watch situation.
[Image courtesy - http://news.xinhuanet.com]
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