Key Greek finance meeting put off

 

The meeting of Eurozone finance ministers to settle Greek's bailout deal has been postponed.

The head of the Eurogroup said he cancelled tomorrow's gathering because Athens did not fulfil all the demands.

Jean-Claude Juncker, who is also prime minister of Luxembourg, said the Eurogroup was still missing information from Athens on how it plans to save a promised 325 million euros (£272 million).

He said he also did not receive assurances from the leaders of the two main Greek parties that they will implement the programme even after elections expected for April.

He said the ministers will instead have a teleconference and meet next Monday.

Greece is under massive time pressure to secure a bailout. It also needs approval for a separate debt relief deal with private creditors that has to be done by March 20 and needs several weeks to implement.

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