Greece faces standoff over bailout funds after Athens fails to impose reforms

Eurozone ministers may refuse to release further funds as only two out of 15 changes that were condition of rescue package have been implemented

Greece is facing another bailout standoff with its creditors amid reports that eurozone countries will refuse to release additional funds to it this month.

Athens has frustrated its peers in the single currency by implementing only two of the 15 reforms that were a condition of last year’s rescue package. EU officials told German daily Handelsblatt that Greece has delayed privatising state assets, adding to the frustrations of eurozone finance ministers who will discuss progress on Friday.

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