Friday, September 30, 2011

Greek PM presses EU leaders for new bailout tranche

BBC News
September 30, 2011

The Greek prime minister has been having a day of talks with fellow EU leaders on a new bailout tranche Greece needs to avoid bankruptcy in October.

George Papandreou met French President Nicolas Sarkozy in Paris after talks with European Council chief Herman Van Rompuy and others in Warsaw.

International inspectors are in Athens to decide whether Greece should receive the 8bn euros (£6.9bn; $10.9bn).

Protesters forced the rescheduling of a meeting on Friday morning.

Anger continues over austerity measures including a new property tax, and demonstrators have publicly burnt copies of emergency tax notices outside a tax office in the country's second city, Thessaloniki.

Meanwhile, the expansion of a general bailout fund for the eurozone looks on track for approval.

Jean-Claude Juncker, head of the eurozone group of finance ministers (Eurogroup), predicted all of the euro states would have endorsed the expansion by mid-October.


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