Eurozone delays Greece debt relief over household insolvency law

Eurozone ministers on Monday (11 March) held back granting Greece debt relief because the government failed to implement reforms promised during the massive bailout that ended last year, officials said.

Commissioner for Economic, Pierre Moscovici, said that the budgetary instrument is not “the eurozone budget we dreamt of”, but it is a “first and useful step”. Moscovici, the most senior member of the Eurogroup, attended his last meeting after more than seven years. [Olivier Hoslet/EPA/EFE]

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