EU Could Yank Greek Aid

    Greece's Finance Minister Evangelos Venizelos arrives for a news conference in Athens, Friday, March 9, 2012. Greece has cleared a major hurdle in its race to avoid imminent bankruptcy after persuading the vast majority of its private creditors to slash the value of their Greek bond holdings, a move that should pave the way for the country's second massive international bailout. (AP Photo/Thanassis Stavrakis)

    Thanassis Stavrakis / AP Photo

    European Union finance ministers are meeting Monday to decide whether to approve a $170 billion bailout package to Greece—which would be the second in two years—after the country successfully restructured its debt last week. But even if the aid is approved, the reprieve could be short-lived, because the country is planning on holding new elections in late April or early May to vote for new leadership. Euro-zone leaders could pull the plug if the eventual winners of the elections do not deliver on austerity reform.

    Read it at Reuters