Greece Fails to Secure Fresh Bailout Funds
Eurogroup head Jeroen Dijsselbloem
Brussels - AFP
Greece has failed to secure a deal to unlock the next installment of its multi-billion-dollar bailout after talks with Eurozone finance ministers broke down.
Eurogroup head Jeroen Dijsselbloem said there was still a gap "between what could be done and what some of us had expected should be done". Nonetheless, he said they were "very close" to an agreement, the (BBC) reported.
Informal talks are expected to continue ahead of the group's 15 June meeting. The Brussels-based meeting was aimed at deciding whether Greece had done enough to receive $8.3 billion loan plus debt relief.
The cash is vital for Greece to avoid defaulting on a debt repayment due in July. To secure the funds, the country has had to enact a series of economic reforms. Figures released earlier this month showed that Greece had fallen back into recession for the first time since 2012.
The country's gross domestic product (GDP) fell by 0.1% in the first three months of the year after shrinking by 1.2% in the final quarter of 2016, the Eurostat figures showed.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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