The Eurogroup postponed the extra loan for Greece
The Eurogroup again postponed its decision on extra loan for Greece. As expected, the finance ministers of member countries of the Eurozone will not decide today the granting of the rescue package of 130 billion for Athens. The decision will be taken at their meeting on Monday. The Prime Minister of Luxembourg and leader of the Eurogroup Jean-Claude Juncker said he has not yet received the necessary assurances from the political leaders of the Greek coalition implementation of the savings. The procrastination is another setback for the country and a new concern for its creditors that were willing and losses on their bonds if the bailout is released. It is vital for the country to avoid a state of insolvency. According to the Greek stats the total public debt is estimated at around 360 billion euros. Politicians in Athens are pressured by their European partners to show they meet the budget cuts and economic reforms that are sought by Brussels to ensure the new rescue package. In the siege, riots and arson in Sunday the Greek parliament approved new austerity measures, but Athens wants to save another 325 million euros. In addition, Brussels expect to receive written assurances from the Greek political leaders that will continue with the measures even after the elections in April.