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He made it plain that there could be no further loans until that decision was taken.
Eurozone officials say no further loans will be released until further economic reforms have been agreed.
Similar(58)
At the state level the policy of the 1920s of borrowing foreign capital to cover trade deficits now became impossible, because export earnings could no longer be guaranteed to service any further loans.
First, the conditions attached to any further loans Greece needs will be even more onerous.
Before any further loans could be discussed, he wanted information about 18 works in the Met's collection.
The proposals can only be accepted if they show a timetable for structural reforms and an ability to service any further loans.
The International Monetary Fund says the government must reduce public spending before it can apply for any further loans.
Rangers' board and Mike Ashley have agreed that Ibrox Stadium will now not be used as security over any further loans from the Newcastle owner.
The global financial crisis has brought a halt to the plans, however, as no bank is in a position to issue further loans to finance a new stadium, and the Americans have been reduced to using Liverpool's profits to pay off the interest on the loans but have not been able to reduce the overall debt.
Ms. Peters said that after millions were spent to clean up her property, she could no longer afford to operate her business due to state and federal restrictions that prevented her from obtaining further loans.
Further loans of hundreds of millions followed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com