New Research - Germany Says Quick Greek Aid Unlikely

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Germany Says Quick Greek Aid Unlikely

Germany, the economic leader of the euro currency bloc, says Greece should not expect quick action on new bailout funds even though it has approved another unpopular austerity plan.

 German Finance Minister Wolfgang Schaeuble said Thursday he does not expect eurozone finance chiefs meeting next Monday to immediately release another $40 billion rescue package to the Athens government, as Greek leaders had hoped after agreeing to $17 billion in spending cuts. Greece says its needs the money to ...

Source: Germany Says Quick Greek Aid Unlikely