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Euro finance ministers decide fate of Greek bailout

Sunday, July 12, 2015 - 01:21

Euro zone finance ministers arrive for talks to decide whether to recommend moving forward on a bailout plan for Greece. Julie Noce reports.

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Euro zone finance ministers arrive in Brussels on Sunday for last ditch efforts on whether to recommend starting talks on a bailout plan for Greece. The ministers will decide if the package submitted by Greece is sufficient enough to present to euro zone heads of state when they meet later in the day. After hours of meetings on Saturday, Eurogroup chairman Jeroen Dijsselbloem said trust was amongst the negotiations stumbling blocks. Italian Finance Minister Pier Carlo Padoan echoed that sentiment on Sunday morning. SOUNDBITE English ITALIAN EURO ZONE FINANCE MINISTER PIER CARLO PADOAN SAYING: "But let's face it the main issue to moving forward is a lack of trust. I'd like to see the Greek government take concrete actions starting tomorrow in parliament to implement measures that are needed for Greece in the first place." In Greece, residents can only wait. Some expressed outrage over what they see as the ministers' lack of empathy for their situation. We are not dealing with partners, this person said. But with people who only care about profit. They are awful and they are to blame for the situation we are in now. Greece has asked for 53.5 billion euros to help cover its debts until 2018. However sources have said euro zone officials believe that number may be closer to 82 billion euros.

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Euro finance ministers decide fate of Greek bailout

Sunday, July 12, 2015 - 01:21