SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Repot: Greece Risking ‘Harsh’ New Bailout in 2018

ATHENS, Greece (AP) — An independent Greek parliamentary report has warned that Greece faces an increased risk of a fourth bailout – or even a default – if delays in negotiations with bailout lenders are not overcome in the next few weeks.

In a 67-page report Friday, the Parliament Budget Office argued that delays would hurt chances of Greece regaining market access before the end of the current international rescue program next year.

It said Greece’s partners in the 19-country eurozone, faced with mounting political pressure from burgeoning parties opposed to the European Union, would likely impose “harsh” terms on Athens if new loans were needed.

Greece is pinning its hopes on additional debt relief to avoid a new rescue package, and wants to join the European Central Bank’s bond buying program to revitalize its stagnant economy.

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x