Bailout for Greece may be delayed – paper

Another international bailout for Greece scheduled for September may be postponed over the indebted country’s failure to meet creditors’ demands, a local business paper said on Saturday.
An EU member, Greece has adopted a budget austerity program but has still failed to meet the economic targets set by the creditors – the European Commission, the European Central Bank and the International Monetary Fund.
 
“If the mid-term budget program is to be redrafted or completed with new measures, issuing another 8 billion euros of the tranche may then take a longer time,” the Naftemporiki website said.
 
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