Greece in new race against time to get bailout back on track

Athens

GREECE was in a new race against time on Friday to get its EU-IMF bailout back on track again, with its international creditors pushing for a clear reform pledge. The two-month-old radical government of Prime Minister Alexis Tsipras has until April to reach agreement with its creditors, but its cash reserves are running dangerously low.

Late on Thursday, European leaders said they had agreed with Greece to finish work "as fast as possible" to unblock loans helping Athens to avoid bankruptcy and a catastrophic exit from the euro.

"We have put the process back on track," Mr Tsipr…