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Greek Bailout Must Wait as Obama's Re-election Campaign Takes Priority

Greek Bailout Must Wait as Obama's Re-election Campaign Takes Priority

Talks in Greece over the next tranche of loans are now on hold until after the US election. There were numerous reports this week that Obama did not want failed talks before the election, preferring instead they not fail until after the election when it will not matter to him.

No deal was clinched on Friday, and the troika’s chief inspectors announced a pause from the discussions. The troika said in a statement that the mission was expected to return to Athens after about a week, saying “good progress” had been made during this period.

People familiar with the situation said the US presidential elections had played a role in delaying the disbursement of the loan tranche to Greece, although others disputed this interpretation.

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