Athens won’t get EU rescue loans after breaking reform promise

‘The European Union will not release a new bailout tranche to Greece in September, according to EU diplomats cited by the German daily Handelsblatt Global.
Athens has reportedly managed to implement only two out of 15 reforms previously agreed with its international creditors. Moreover, the country has slowed down the privatization process of its public assets.
Under the terms of the bailout deal signed in 2015, the international lenders including the International Monetary Fund, the European Central Bank and the eurozone were to provide €86 billion in aid by 2018 in return for ultra-unpopular austerity measures in the country.’
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