ML-Implode News - Glitch in bailout talks fuels fears of delay in loan disbursement

There was fresh concern on Monday that there could be further delays in the disbursement of much-need bailout money to Greece owing to a disagreement between Athens and its creditors, who have demanded changes to prior actions passed in Parliament earlier this month... The country's lenders had given the green light for the disbursement of a tranche of 10.3 billion euros last week, on the condition the government made amendments to recent legislation it passed on pension, bad loans and privatizations.
However, Finance Minister Euclid Tsakalotos had informed the European Commission representative and the International Monetary Fund in a letter last week that their demands could not be met, neither could Athens fulfill the demands enshrined in the bailout deal signed last summer to privatize ADMIE, the country's grid operator, and to freeze the wages of essential services, like those of the coast guard and police.''

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Glitch in bailout talks fuels fears of delay in loan disbursement