Greek central bank issues government with ultimatum

Yusuf Yassin
24 Nov 2011

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Greece's new coalition government must implement new fiscal policy measures agreed as part of an October 26 eurozone bail-out package immediately, or risk being kicked out of the euro, the Bank of Greece warned in an interim report on monetary policy for 2011 released on November 24.

Eurozone leaders agreed to a new package of fiscal measures in late October, which included an additional €100 billion ($136.8 billion) bail-out for Greece and a ‘voluntary' 50% haircut on Greek sovereign debt. In

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