Sunday September 20, 2020

Debt Watch: Greeks must show "determination"

The latest updates on the crisis in the euro zone.

30th May, 2012
Earlier today, an Italian bond auction missed targets.


**15.55:** Greece must pursue budget cuts with “determination” to be eligible for more emergency aid, warned the European Commission, which said it may review progress two weeks after the country’s June 17th election.

The message highlights the limited room that the next Greek government will have to renegotiate fiscal-austerity conditions tied to international aid, Bloomberg reported. Greeks return to the polls next month.

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