Greece payout likely to go ahead

[dipsydoodle]

Source: BBC News 11 October 2011 Last updated at 14:36

International financial inspectors say they have reached agreement with Greece on reforms to put the nation's troubled economy back on track.

"Economic and financial policies" have been agreed between Greece and the troika of bodies which has been mulling if Athens will get any new loans.

The EU, IMF and European Central Bank say Greece is now likely to get 8bn euros ($11bn; £7bn) more bailout cash.

It came as they said Greece's fiscal target for 2011 was not achievable.

Read more: http://www.bbc.co.uk/news/business-15259796

[Pale Blue Dot]

1. Thank goodness we can all kick the can down the road a little further.

That's SO much better than facing reality now!

[Demeter]

2. Too little, too late

[Javaman]

3. I don't think this is going to do what they hope it will do...

Greece still has an revenue problem. They can lend them all the money they want, but they still can't even pay back the interest.

Like the poster above stated, it's just kicking down the road.

I think they are hoping that someone will come up with some sort of bright idea in the meantime.

Sadly, by kicking it down the road, the collapse will be even worse later.

[rayofreason]

4. Wait until March...

...when an even larger set of notes come due in Athens.