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-	Pressure is rising on Greece's national unity government to agree tough reforms demanded by the country's lenders.	+	The chairman of a meeting of Eurozone finance ministers says fresh conditions will be attached to a 130bn euro ($170bn; �110bn) bailout for Greece.
-	The EU, IMF and European Central Bank have made further spending cuts, labour market reforms and bank rescues a condition of extending a new bailout.	+	Jean-Claude Juncker said an extra 325 million euros ($432m; �273m) in savings for 2012 will be needed.
-	European Commission Vice President Neelie Kroes told a Dutch newspaper that there would be "absolutely no man overboard" if Greece left the euro.	+	The Greek parliament will also have to pass the package of cuts and reforms on Sunday.
-	Greek party leaders are meeting on Tuesday amid a general strike.	+	And political leaders will have to promise to continue to implement the reforms after elections in April.
-	A previous meeting on Sunday night proved inconclusive, leading to further last-minute talks between Prime Minister Lukas Papademos and the troika of official lenders on Monday.	+	"Despite the important progress achieved over the last days, we did not yet have all necessary elements on the table to take decisions today," Mr Juncker, the Luxembourg prime minister, said.
-	The leader of the left-wing Syriza party coalition, Alexis Tsipras, repeated a call on Tuesday either for Greece's debts to be written off, or else for the country to pause its debt repayments for three years.	+	"All these measures are important to ensure a smooth implementation of the programme also after the upcoming general elections.
-	Meanwhile, public transport and the country's ports ground to a halt as two of the largest Greek public-sector unions began a strike on Tuesday in protest at continuing austerity.	+	"These three elements, those I mentioned, need to be in place before we can take decisions," Mr Juncker added.
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		+	He further welcomed "assurances provided by the Greek government that all the necessary elements will be put in place in the coming days," Reuters reports.

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Revision as of 00:31, 15 May 2012

The chairman of a meeting of Eurozone finance ministers says fresh conditions will be attached to a 130bn euro ($170bn; �110bn) bailout for Greece.

Jean-Claude Juncker said an extra 325 million euros ($432m; �273m) in savings for 2012 will be needed.

The Greek parliament will also have to pass the package of cuts and reforms on Sunday.

And political leaders will have to promise to continue to implement the reforms after elections in April.

"Despite the important progress achieved over the last days, we did not yet have all necessary elements on the table to take decisions today," Mr Juncker, the Luxembourg prime minister, said.

"All these measures are important to ensure a smooth implementation of the programme also after the upcoming general elections.

"These three elements, those I mentioned, need to be in place before we can take decisions," Mr Juncker added.

He further welcomed "assurances provided by the Greek government that all the necessary elements will be put in place in the coming days," Reuters reports.