European negotiations for Greece bailout will miss another deadline
Efforts to conclude an agreement between Athens and the troika ahead of the European Union leaders’ summit on Thursday are unlikely to succeed as the two sides remained some distance apart on the austerity measures and structural reforms needed to seal the deal.
This means that a decision on the disbursement of Greece’s next loan tranche will have have to be taken at an extraordinary Eurogroup meeting toward the end of this month or at the beginning of November. Eurozone finance ministers are due to meet on November 12 but should there be an agreement in Athens over the next few days, another meeting to decide on the Greek installment is likely to be called before then.