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Will Greece crisis balloon out of proportion? No, it's different this time

Greece has money to see it through for now, even if it fails to get next tranche of bailout funds

Reuters  |  London 

It seems as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. Cue a euro zone finance ministers meeting in Brussels. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought Greece to the brink of default as wells as bankruptcy and threatened the euro zone with its first dropout. When the ministers have their regular meeting on ...

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First Published: Fri, February 17 2017. 19:23 IST