Sunday, May. 20, 2012 |
Greece lets another bailout deadline slip by
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Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.
Failure to strike a deal to secure the 130 billion euro (107 billion pounds) rescue risks pushing Athens into a chaotic debt default which could threaten its future in the eurozone.
Panos Beglitis, spokesman of the PASOK socialist party, said on Sunday that leaders of the three parties backing technocrat Prime Minister Lucas Papademos' government had to give their responses in principle by 12 pm.
However, a government official denied that the parties had been given an ultimatum to respond on Monday.
Asked whether the parties had to respond in time for a Euro Working Group meeting of finance ministry officials in Brussels, the Greek official said: «No, there is no deadline."
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