Uncertainty for Greece as Euro zone leaders demand more

Eurozone leaders have given Greece until Wednesday to pass six sweeping measures including tax and pension reforms before discussions on further bailout funds can resume. Leftist Prime Minister Alexis Tsipras will be required to push legislation through parliament to convince his 18 partners in the euro zone to release immediate funds to avert a state bankruptcy and start negotiations on a third bailout program. German Chancellor Angela Merkel told reporters that the important currency of trust had been lost and that “there will be no agreement at any price." A German proposal to make Greece take a "time-out" from the euro zone if it failed to meet the conditions for a loan found some support from hard line countries. In contrast French President Francois Hollande, Greece's strongest ally in the euro zone, dismissed the notion, saying it would start a dangerous unravelling of EU integration. (VIEW LINK)


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