Eurozone ministers on Monday held back granting Greece debt relief because the government failed to implement reforms promised during the massive bailout that ended last year, officials said.
Greece exited its third and final international bailout in August, a turning point in its progress out of the catastrophe that engulfed the country during the financial crisis.
The Greek government has still failed to complete housing insolvency rules that have raised fears in Greece for families threatened with foreclosure on their homes.
European officials, however, played down the delay, not wanting to rekindle memories of the eurozone debt crisis that nearly destroyed Europe’s single currency.
“It’s too early to decide formally on the disbursement today,” said EU Economics Affairs Commissioner Pierre Moscovici ahead of a Eurogroup meeting of eurozone finance ministers.
On This Day
- 1821: Kalamata was liberated two days before the Greek War of Independence was declared.
- 1945: DDT arrived in Greece to combat malaria.
- 1984: General Thrasyvoulos Tsakalotos met Markos Vafiadis and shook hands with him in front of TV cameras. The two men had commanded opposing sides in the Greek Civil War.
- Births: Stamatis Kokotas, singer (1937)
- Deaths: Achilleas Apergis, sculptor (1986)