adminfinancial survival, and boost the firepower of a bailout fund to protect Italy.
As Greek Prime Minister George Papandreou scrambles to form a coalition government, the eurozone is holding back the next slice of aid, US$11 billion, until rival parties back a new eurozone rescue package.
Finance ministers meet after a turbulent few days during which Papandreou barely survived a confidence vote in Athens and angered his European partners with a now defunct bid to hold a referendum on the bailout deal. The drama in Athens broke a taboo as European leaders lost their patience, telling Papandreou his country must choose between leaving or staying in the eurozone.
The political brinkmanship overshadowed a G20 summit in Cannes, France. – AFP.
Online Reporter