Eurozone finance ministers and the International Monetary Fund failed to agree on delivering the next tranche of bailout money to save Greece’s economy from bankruptcy. The Greek government is more fragile than ever with a wafer thin majority and at all-time low poll ratings after scraping through the latest austerity measures.

DEADLOCK between eurozone finance ministers and the International Monetary Fund means Greece is still waiting for the next tranche of its financial bailout.

No agreement was reached at a 12-hour meeting in Brussels on November 20, 2012, with IMF head Christine Lagarde insisting that a package of measures must be found to reduce Greek public debt.

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 Costas Iordanidis
If Greece fails once more to meet its obligations, new austerity measures will be introduced a few months later. The one vote hard core majority in parliament cannot secure the coalition government’s survival
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