EU crisis looms as Greece, Spain and Portugal pose TRIPLE THREAT for crumbling eurozone
EUROZONE finance ministers are meeting in a desperate attempt to avert three separate economic disasters looming in Greece, Spain and Portugal.
By LANA CLEMENTS
Express.co.uk
Fri, Sep 9, 2016
Greece’s debt crisis could flare up again as ministers will discuss whether the final chunk of multi-million euro bailout to Athens should be released.
The eurogroup will judge whether the troubled country has held up its side of the deal to release the next portion of aid from the €10.2billion (£8.5bn) package, which is needed to make looming debt repayments.
But Greece has completed just two of its 15 promised reforms which were supposed to have been put in place two months ago – and Germany is fuming over the lack of progress.
Without implementing the controversial reforms creditors refuse to start to start a bailout review that could ultimately lead to debt relief measures.
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