Greek Debt Solution Eludes Euro Ministers After 11-Hour Talks

European finance ministers failed to agree on a debt-reduction package for Greece after battling with the International Monetary Fund over how to nurse the recession- wracked country back to fiscal health.

With creditors led by Germany refusing to put up fresh money or offer debt relief, the finance chiefs were unable to scrounge together enough funds from other sources to help alleviate Greece?s debt burden, set to hit 190 percent of gross domestic product in 2014.

http://www.bloomberg.com/news/2012-11-21/greek-debt-solution-eludes-euro-ministers-after-11-hour-talks.html

Source: http://thecomingcrisis.blogspot.com/2012/11/greek-debt-solution-eludes-euro.html

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