×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Greece | Economy

EU Unhappy with Greek Reforms, Debt Relief in Doubt

EU Unhappy with Greek Reforms, Debt Relief in Doubt

Wednesday, 27 February 2019 11:38 AM

BRUSSELS (AP) — Greece's bailout creditors say the country has fallen behind on several key reforms that have been set as a condition for debt relief. Valdis Dombrovskis, a European Commission vice president, said Wednesday that plans by the Greek government to provide protection for distressed mortgage holders are incomplete, despite weeks of negotiations between the government and leading banks aimed at coming up with a compromise.

Following a decade of financial crisis and international bailouts, nearly half of Greece's property and business loans are in arrears, and the government is under pressure to help banks improve their balance sheets. Current mortgage protection rules, which shield distressed property owners from foreclosure, formally expire Thursday.

Eurozone finance ministers will on March 11 decide whether Athens has met the criteria for the next round of debt relief.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Greece's bailout creditors say the country has fallen behind on several key reforms that have been set as a condition for debt relief. Valdis Dombrovskis, a European Commission vice president, said Wednesday that plans by the Greek government to provide protection for...
EU,Greece,Economy
134
2019-38-27
Wednesday, 27 February 2019 11:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved