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Greece expresses disappointment at Eurogroup failure to solve Greek debt crisis

By Maria Spiliopoulou (Xinhua)

12:58, November 22, 2012

ATHENS, Nov. 21 (Xinhua) -- Greeks from top down and across the political spectrum expressed their disappointment and agony on Wednesday at the international lenders' failure to reach a deal on the Greek debt crisis during their latest meeting in Brussels.

"Whatever technical issues remain unresolved do not excuse any further delay on the Greek crisis," Greek Prime Minister Antonis Samaras said in a rare comment on Eurogroup's workings.

Athens expected a clear signal on the immediate release of the next tranche of the much-needed international bailout funding in coming weeks, and on a longer-term strategy to ensure the sustainability of Greece's sovereign debt and success of the ongoing harsh austerity and reform program.

However, the Eurogroup meeting ended early Wednesday morning with no concrete results. A new meeting was scheduled for next Monday, as the European Union and the International Monetary Fund lenders are still divided over the way to proceed.

"Greece has fulfilled its commitments. Our partners should do their part, because it is not only Greece's future at stake, but the stability of the entire eurozone," warned Samaras, who is due to participate in a summit in Brussels on Thursday which will focus on the EU budget for 2014-2020.

Besides Samaras, former Prime Minister George Papandreou, main opposition Radical Left SYRIZA party chief Alexis Tsipras, local analysts and citizens also voiced frustration and fear.

The disbursement of aid to Greece has been delayed for six months, due to the two general elections held this year and marathon negotiations over fresh spending cuts and structural reforms to meet deficit cutting and growth boosting targets.

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