Reuters: US Dollar Report: Schaeuble says troika work in Greece far from done

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Schaeuble says troika work in Greece far from done Oct 31st 2012, 14:59 BERLIN | Wed Oct 31, 2012 10:59am EDT BERLIN Oct 31 (Reuters) - The 'Troika' of international lenders still has plenty of unanswered questions on Greece and its work is far from over, German Finance Minister Wolfgang Schaeuble said on Wednesday. The 'Troika' - comprising officials from the International Monetary Fund, the European Central Bank and the European Commission - is negotiating with Greece on further austerity measures and reforms that will allow the release of further loans to the near-bankrupt country. Schaeuble said a decision on how to proceed with Greece must be made in November but warned against allowing deadline pressures to lead to lousy compromises. "Time pressure cannot lead to irresponsible solutions," he said. Schaeuble added that for a large majority of euro zone countries a debt restructuring, or 'haircut', for Greece is not legally possible.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions