At a meeting just hours after Greek political leaders announced they had agreed on reforms required to secure a 130-billion-euro ($172 billion) bailout from international lenders, Luxembourg’s Prime Minister Jean-Claude Juncker said Greece needs to meet three more conditions.
Juncker said those conditions are: identifying an extra 325 million euros ($432 million) in savings for 2012, the Greek parliament’s passage of the full package of cuts and reforms on February 12 and “strong political assurances” from Greek party leaders of support for promised reforms after elections that could come as early as April.
The European Union’s economic affairs commissioner Ollie Rehn said the eurozone is “seriously considering” forcing Greece to set up a separate fiscal account dedicated to repaying its debt.
compiled from agency reports
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