Still no progress on Greece’s next bailout payment
ekathimerini.com
Greece about to go bankrupt in mid-November unless it receives the next bailout payment.
Greece revealed on Wednesday that it will overshoot its deficit and debt targets again next year because of a deeper than forecast recession as eurozone finance ministers debated how to keep the near-bankrupt state afloat.
Athens needs to push through spending cuts and tax measures worth 13.5 billion euros ($17.5 billion) as well as a raft of economic reforms to satisfy EU and IMF lenders and secure more bailout money next month to avoid bankruptcy.
Parliament in Athens took a step forward by narrowly passing a required privatization measure, but the precariousness of the government’s majority fueled doubts about the passage of other more contentious reforms next week.