| Author (Person) | Hope, Kerin, Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 8.2.12 |
| Publication Date | 08/02/2012 |
| Content Type | News |
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Greece missed another deadline to approve conditions for a second €130bn bail-out on the 7 February 2012, after a meeting with political leaders was postponed until the 8 February 2012 because of last-minute haggling with international lenders over emergency spending cuts. The delay over agreeing €3bn of extra spending cuts fuelled anxieties that Athens might be forced into a messy default in March 2012. It also triggered concern over whether Greece remains committed to fiscal and structural reform after two years of failing to implement measures agreed in return for billions of euros in financial support. President of the European Commission Jose Manuel Barroso gave reassurances that the Commission wanted Greece to stay in the eurozone, after one of his Commissioners suggested an exit was being considered and another downplayed the devastating effects of such a scenario. |
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| Countries / Regions | Europe, Greece |
