European finance ministers pledged to roll out a bulked-up rescue fund next month, leaving Greece and Italy on the front lines until then in the fight against the debt crisis.
Greece was ordered to provide written acceptance of bailout terms in order to win an 8 billion-euro ($11 billion) loan installment by the end of November, while Italy was pressed to turn budget-cut promises into reality.
Greece's reforms “have to be carried out immediately, we cannot wait until there's a new government, because that could be in March,” Austrian Finance Minister Maria Fekter told reporters today before the second day of a European finance meeting in Brussels. “We need confirmation in writing from all parties.”
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