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Obama asks eurozone to keep Greece in until after election day

Posted By admin On August 24, 2012 @ 8:12 am In World News | Comments Disabled

London Independent [1]
August 24, 2012

The Obama administration will pressure European governments not to let Greece fall out of the eurozone before November’s Presidential elections, British Government sources have suggested.

Representatives from the International Monetary Fund, the European Central Bank and the European Commission are due to arrive in Athens next month to assess Greece’s reform efforts.

They are expected to report in time for an 8 October meeting of eurozone finance ministers which will decide on whether to disburse Greece’s next €31bn aid tranche, promised under the terms of the bailout for the country.

American officials are understood to be worried that if they decide Greece has not done enough to meet its deficit targets and withhold the money, it would automatically trigger Greece’s exit from the eurozone weeks before the Presidential election on 6 November.

Full story here. [1]

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URLs in this post:

[1] London Independent: http://www.independent.co.uk/news/world/europe/obama-asks-eurozone-to-keep-greece-in-until-after-election-day-8076852.html

[2] EU officials expect Greece to default but stay in eurozone: http://www.prisonplanet.com/eu-officials-expect-greece-to-default-but-stay-in-eurozone.html

[3] G8 leaders end summit with pledge to keep Greece in eurozone: http://www.prisonplanet.com/g8-leaders-end-summit-with-pledge-to-keep-greece-in-eurozone.html

[4] Talking About Greece Leaving The Eurozone Is No Longer Taboo: http://www.prisonplanet.com/talking-about-greece-leaving-the-eurozone-is-no-longer-taboo.html

[5] Eurozone debt crisis could rip E.U. apart: officials: http://www.prisonplanet.com/eurozone-debt-crisis-could-rip-e-u-apart-officials.html

[6] Europe clears urgent aid to save Greece from default: http://www.prisonplanet.com/europe-clears-urgent-aid-to-save-greece-from-default.html

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