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Greek Debt the Main Focus at EU Meeting

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Following Tuesday's meeting with top European Union finance ministers, there remains much doubt regarding the ability of the Greek government to meet its debt obligations. While there were several other topics discussed, such as shoring up other euro zone economies, the Greek debt crisis was the main issue addressed.

EU ministers are being forced to review the most recent bailout package handed out to Greece as it is becoming clear that the Greek government is not hitting its target budget for reducing deficit. In order to protect other EU countries, the union's finance ministers have decided to take various measures in order to build up weaker economies in the euro zone.

Some ministers are aiming to make Greece's debt woes an issue for private bondholders and creditors to help solve. This idea did gain favor as this would relieve many other struggling economies in the EU from having to further exhaust funds in order to aid the faltering Greek economy.

Still, the EU remains in hot water and addressing its myriad problems is not an easy fix by any measure.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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