REPORT: Eurozone Countries Debate Delaying Aid Payments to Greece

NYT cartoon greece

Photo: New York Times Syndicate

The WSJ reports that eurozone countries are debating delaying aid payments to Greece in the wake of elections that ousted pro-bailout parties.This follows the cancellation of a trip by troika inspectors to Greece that was planned for later this month.

Popular support for anti-bailout parties surged in the elections in Greece this weekend.

With the centrist PASOK and New Democracy winning less than 35 per cent of the vote combined, more and more Greek politicians see the renegotiation of bailout terms as inevitable.

At the same time, Europeans have threatened to withhold any future aid so long as Greece does not live up to the terms of the plan. Analysts worry that a full-scale default by Greece—mostly on loans from the EU public sector—would ultimately result in the country’s exit from the European Monetary Union.

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