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14 Apr 2015
EU/Greece deal unlikely on April 24 - Handelsblatt
FXStreet (Córdoba) - According to German newspaper Handelsblatt a deal between Greece and the Eurogroup is unlikely to be reached at April 24th meeting.
The story by German newspaper cites EU Commission VP Dombrovskis, saying that upcoming meeting in Riga likely won't sign off on Greek reforms, and instead the Eurogroup is more likely to assess progress. The decision to release funds may come at May 11 meeting.
According to the article, the main reason for the delay is that Greece doesn't want to implement pension/labor market reforms.
Greece is expected to run short of cash in late April, with an IMF repayment due on May 1.
The story by German newspaper cites EU Commission VP Dombrovskis, saying that upcoming meeting in Riga likely won't sign off on Greek reforms, and instead the Eurogroup is more likely to assess progress. The decision to release funds may come at May 11 meeting.
According to the article, the main reason for the delay is that Greece doesn't want to implement pension/labor market reforms.
Greece is expected to run short of cash in late April, with an IMF repayment due on May 1.