The news is the latest development in a long-running and increasingly ugly dispute over measures to ease Greeces massive debt burden and the strict fiscal targets the country needs to meet to receive it.
Yesterday, the European Stability Mechanism, which finances Greeces third 86bn bailout deal, announced that it would be putting plans for debt relief on ice because of surprise spending and tax breaks announced by Greek prime minister Alexis Tsipras.
After an overwhelming election win on a fierce anti-austerity ticket, the leftist Tsipras popularity has suffered as he backtracked on this in order to secure a bailout and avoid an exit from the euro.
As a goodwill gesture intended to help those hardest hit by the strict austerity Greece…
Read the full article at: http://www.publicfinanceinternational.org/news/2016/12/euro-bailout-chiefs-freeze-greek-debt-relief-measures