Greece ‘running out of time to secure aid deal’

Greece is not moving fast enough to draw up and implement structural reforms and there is limited time to prevent it running out of cash, European Commission vice president Valdis Dombrovskis said yesterday.

The mood between Greece’s recently elected leftist government and its eurozone partners has been tense during negotiations that will determine whether the cash-strapped country gets further, much-needed financial aid from its EU/IMF lenders.

“Talks are very complicated. Time is running out,” said Mr Dombrovskis.