Greece likely to win approval on bailout

13 January 2013

After months of delay, Greece was expected last night to win approval in principle to a fresh €44 billion from the EU-IMF bail-out despite discord among the creditors over Athens’ prospects of meeting its debt obligations on the schedule they set last year.

Finance Ministers were confident that they would settle hitches which have held up funds that are vital to finance the Greek state and which should have been cleared after Athens passed a new package of austerity measures and approved a 2013 budget earlier this month. “A political agreement is within reach and I think it is our