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Greek Bailout Payment Delayed by Germany on $33 Million VAT Hole
Germany held up a final 15 billion-euro ($17.5 billion) aid payment to Greece after the government in Athens postponed a sales-tax increase, adding to signs that Prime Minister Alexis Tsipras has his work cut out to regain the trust of his euro-area creditors as he leads the country out of its bailout program next month. Euro-area finance ministers on Thursday gave the green light for the loans to be disbursed to Greece once lawmakers sign off in Berlin. The last-minute snag came when Tsipras decided to push back a value-added tax hike on a handful of islands that have been hit hard by the influx of migrants. The ... (full story)