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Delay In Providing Next Payout To Greece Will Be Unproblematic: German Govt

5/25/2012 8:28 AM ET

Any delay in paying the next aid tranche will not create a problem to Greece, a German finance ministry spokesman said Friday.

There is no acute financing need for Greece until after the end of the first half of the year, Martin Kotthaus said at a press conference in Berlin. So a delay in payment would not be a problem.

Political instability in Greece has raised doubts about the nation continuing in the bloc. The country will again go to polls on June 17 as no party gained majority and negotiations to form a coalition government failed.

EU leaders urged Greece to stick to austerity measures in order to transfer bailout funds.

by RTT Staff Writer

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