admincrisis last Friday, but Finland held to its objections to a new bailout for Greece.
After the world’s main central banks joined forces by pumping in liquidity for cash-strapped lenders in a bid to douse the eurozone debt fire, Europe is under growing pressure to end months of bickering over a second financial rescue for the near-bankrupt government in Athens.
As EU nations began crunch talks in Poland, Austria said default for Greece could eventually prove to be the least costly outcome.
“I am very confident, that the next tranche can be disbursed in October,” Austrian Finance Minister Maria Fekter said of eight billion euros in blocked existing loans.
But she added: “Should there be a situation, that this way suddenly becomes more expensive than an alternative, we do have to think about this alternative.” – AFP.
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