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Eurozone crisis explained
How does the next tranche get released? Despite Greece approving its tough budget for 2013, the next tranche will not be released immediately as there is still no agreement on how to make the country's debt sustainable. Eurozone finance ministers meet on Monday in Brussels, where they are expected to analyse all the reform commitments Greece has made to judge whether the austerity programme promised in exchange for the loans is back on track. Key to a final agreement is how to make Greek debt sustainable again. Greece's debt is currently forecast to hit almost 190% of GDP next year. A report from Greece's troika of ... (full story)
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