The euro-zone finance ministers have decided not to approve the next tranche of aid to Athens until the Greek parliament passes new austerity measures. The move increases pressure on the Greek government, but is unlikely to reassure the financial markets.
It's a reliable rule of thumb with European Union summits that the bigger the problem, the longer the meeting. In this case, the discussion lasted seven hours. It was not until early on Monday morning that the finance ministers of the euro-zone countries emerged one by one from the conference center in Luxembourg City's deadly quiet Kirchberg plateau, home to various EU institutions.
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Spiegel
