WASHINGTON (MarketWatch) – One of three leaders in a new Greek coalition refused to sign an oath that he will approve austerity measures, creating a new obstacle for Greece’s bailout deal, according to reports Saturday.
Antonis Samaras, leader of Greece’s top conservative party, New Democracy, said there is no need for him to offer a written declaration because he can be trusted, according to reports.
Samaras’s refusal to sign the pledge potentially puts at risk the next tranche of aid set for Greece, valued at 8 billion euros, or $11 billion, that the country needs to meet debt repayment requirements, according to reports. ............(more)
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http://www.marketwatch.com/story/greek-bailout-deal-hits-new-obstacle-reports-2011-11-19