Greece fails in bid for early cash release, reforms awaited


  • World
  • Wednesday, 25 Mar 2015

A Greek national flag flutters as the parliament building is seen in the background in Athens March 24, 2015. REUTERS/Alkis Konstantinidis

BRUSSELS/ATHENS (Reuters) - Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform programme within days.

Athens had appealed for the European Financial Stability Facility to return 1.2 billion euros (884.2 million pounds) it said it had overpaid when it transferred bonds intended for bank recapitalisation back to the Luxembourg-based fund this month.

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