No debt reduction for Greece
►http://www.wsws.org/articles/2012/nov2012/gree-n28.shtml
By Peter Schwarz
28 November 2012
Euro zone finance ministers finally agreed early Tuesday to the pay the tranche of loans to Greece that had been due since the summer. However, they rejected calls by the International Monetary Fund (IMF), among others, to reduce the debt of the highly indebted country.
This was the third attempt by the euro zone finance ministers to reach agreement on how to proceed in relation to Greece. Over the preceding two weeks, hours of meetings lasting into the wee hours of the night had been dominated by fierce differences among the euro zone countries and between the euro zone and the IMF.