Greece bailout: Eurozone ministers set new conditions

[Eugene]

Source: BBC

9 February 2012 Last updated at 23:21 GMT

Greece bailout: Eurozone ministers set new conditions

The chairman of a meeting of Eurozone finance ministers says fresh conditions will be attached to a 130bn euro ($170bn; £110bn) bailout for Greece.

Jean-Claude Juncker said an extra 325 million euros ($432m; £273m) in savings for 2012 will be needed.

The Greek parliament will also have to pass the package of cuts and reforms on Sunday.

And political leaders will have to promise to continue to implement the reforms after elections in April.

[font size=1]-snip-[/font]

http://www.bbc.co.uk/news/world-europe-16976520

Earlier thread: Greek political leaders agree on bailout reforms: sources

[Yo_Mama]

1. They really don't want them to do this

They want them to reject it, seems to me. Or at least the Germans do, because they are going to be paying most of the tab, which is pretty considerable.

[xchrom]

2. Omg - what. A. Mess. Nt

[DCBob]

3. This is coming to a head very very soon.

I predict some sort of deal but it will get really ugly regardless.

[denem]

4. Greek Unemployment rate is 20.9% and rising.

More austerity = higher 'negative growth' = less revenue = more debt = back to the EU for more austerity.