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Hopes rise for Greece power-sharing talks

May 10, 2012 RSS Feed Print

The fund's chief executive, Klaus Regling, said after the second payment there cannot be any further disbursement of money until Greece reaches an agreement with its creditors on what needs to be done over the next two years.

Markets, in the doldrums since Greece's election stalemate, partially rebounded Thursday, with shares on the Athens Stock Exchange closing 4.2 percent up. But new Greek unemployment figures showed the jobless rate reaching 21.7 percent in February.

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Elena Becatoros and Derek Gatopoulos in Athens, Frank Jordans in Berlin and Don Melvin in Brussels contributed

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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