Eurozone Ministers to Discuss New Funds for Greece

Greek Flag

After passing a budget for 2013, Athens hopes it has done enough to secure the next instalment of bailout money.

It has been a gruelling few days for the Greek Government: hugely unpopular cuts squeezed through parliament; its majority reduced after rebel MPs were ousted; and yet more violent protests.

Greece had hoped its reward would be bailout funds. But Brussels says Athens must wait for an agreement on how to deal with the Greek debt level, how to stop throwing good money after bad.

The budget which contained many austerity measures which had already been passed by parliament – foresees a deepening of the worst recession of any country in modern history, our correspondent says.



© 2012 SAT Telecommunications Ltd.

Scroll to top