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Additional Bailout Money For Greece Delayed

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Additional Bailout Money For Greece Delayed

Business

Additional Bailout Money For Greece Delayed

Additional Bailout Money For Greece Delayed

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  • <iframe src="https://www.npr.org/player/embed/137292310/137292305" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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European finance ministers have decided to hold off giving Greece another installment of bailout money. They want to see if Athens makes more progress in fixing its finances. The Greek government is trying to pass a package of spending cuts and tax increases. But it's up against street protests and opposition in parliament.

RENEE MONTAGNE, host:

NPR's business news starts with troubles in Greece.

(Soundbite of music)

MONTAGNE: Today, European finance ministers decided to hold off giving Greece another installment of bailout money. They want to see Athens make more progress in fixing its finances. The Greek government is trying to pass a package of spending cuts and tax increases. But it's up against street protests and political opposition.

Today workers at the country's major electric utility went on strike and could shut down power. They're angry over plans to privatize the state-run utility.

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