Greece puts billions of euros aid in peril

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Greece puts billions of euros aid in peril

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Greece’s partners have been speaking out with a general feeling of impatience prevailing. The Eurogroup president observed that the debt-laden country was jeopardising receiving billions of euros of aid.

President of the Eurogroup, Jean-Claude Juncker said that depending on the yes or no to whatever question is put to the Greek people.Greece may well have lost eight billion after having made a decision to put the question to a referendum.

IMF chief Christine Lagarde was more matter of fact viewing the Greek referendum as an irritation to be completed as soon as possible.

“I hope that this whole thing can be closed and completed before mid December. I think it’s important from a cash point of view.”

Speed is indeed of the essence as it is anticipated that by the end of December Greece will have run out of money if the next tranche of aid is not paid.