| Author (Person) | Hope, Kerin, Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 20.1.12 |
| Publication Date | 20/01/2012 |
| Content Type | News |
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Greece’s technocrat Prime Minister Lucas Papademos urged political leaders in Greece on the 19 January 2012 to back a critical debt restructuring and further painful economic reforms amid rising concern among official lenders that Athens was failing to deliver on its promises. Mr Papademos warned his fractious three-party coalition that without stronger political commitment, Greece could lose access to a new €130bn bail-out package and fall into a disorderly default. Without funds from the new package, Greece would be unable to meet a €14.5bn debt repayment due on the 20 March 2012. EUObserver and other news sources reported on the 23 january 2012 that Eurozone finance ministers were set to discuss the stalling talks between the Greek government and international banks on accepting losses on their Greek bonds - a key condition for Athens to receive a second bail-out. |
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| Countries / Regions | Greece |
