RTRS-Eurogroup drops face-to-face bailout talks as Greeks argue
Posted by Labels: Trader's highlightBRUSSELS/ATHENS, Feb 14 (Reuters) - Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform.
A source familiar with negotiations on Greece's 130 billion euro rescue also said conservative leader Antonis Samaras had yet to sign a commitment to implement the deeply unpopular package - a condition set by the EU/IMF lenders who are weary of broken Greek promises on economic reform and budget cuts.
Ministers in the Eurogroup had been expected to gather in Brussels on Wednesday for a meeting which, if all had gone to plan, would have approved the bailout and saved Greece from a messy bankruptcy next month.
However, with the European Union's patience with Greece close to breaking point, Eurogroup Chairman Jean-Claude Juncker said the ministers would hold only a telephone conference call before a regular meeting already scheduled for Feb. 20.
A source familiar with negotiations on Greece's 130 billion euro rescue also said conservative leader Antonis Samaras had yet to sign a commitment to implement the deeply unpopular package - a condition set by the EU/IMF lenders who are weary of broken Greek promises on economic reform and budget cuts.
Ministers in the Eurogroup had been expected to gather in Brussels on Wednesday for a meeting which, if all had gone to plan, would have approved the bailout and saved Greece from a messy bankruptcy next month.
However, with the European Union's patience with Greece close to breaking point, Eurogroup Chairman Jean-Claude Juncker said the ministers would hold only a telephone conference call before a regular meeting already scheduled for Feb. 20.
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