EU unhappy with Greek reforms, debt relief in doubt

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Greece’s bailout creditors say the us of a has fallen at the back of on several key reforms which have been set as a situation for debt comfort.

Valdis Dombrovskis, a European Commission vice president, said Wednesday that plans through the Greek authorities to offer protection for distressed mortgage holders are incomplete, despite weeks of negotiations among the government and main banks aimed at coming up with a compromise.

 

Following a decade of financial disaster and worldwide bailouts, nearly 1/2 of Greece’s assets and enterprise loans are in arrears, and the government is underneath stress to assist banks improve their stability sheets.

Current loan safety policies, which guard distressed belongings owners from foreclosures, formally expire Thursday.

Eurozone finance ministers will on March eleven determine whether Athens has met the criteria for the following spherical of debt relief.

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