November 13, 2012 9:53 AM

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Eurozone Fin Mins delay release of Greece's latest bailout funds

Eurozone ministers have agreed to give Greece two more years, until 2016, to meet its deficit-reduction targets. However the finance ministers delayed a decision on releasing the latest 25.2 billion dollars of bailout funds. Differences also emerged among Greece's lenders on how to make its debt sustainable into the next decade. Greek Prime Minister Antonis Samaras has warned that without the new funds Greece will run out of money within days. The ministers will meet again to discuss releasing the latest instalment of bailout funds on 20th of this month.

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