Scheduled talks designed to iron out the fine details of a potential €45 billion ($60.79 billion) rescue package for Greece have been put back after the volcano ash cloud, which has led to many flights across Europe being grounded, meant negotiations could not go ahead.
Officials from the International Monetary Fund (IMF), the European Central Bank and the European Commission had been due to meet staff from the country's finance ministry.
While Greece has not yet asked to take on the loans, prime minister George Papandreou said the country was willing to accept the money "without hesitation" if it is deemed necessary.
But the borrowing plans have been criticized by investor George Soros, who said that Germany should not be insisting upon a five per cent interest rate on the rescue package, reports the Times.
Mr Soros said if Greece takes on the loan it will have to cut its spending by even more than it has already.
"Then it becomes a vicious cycle," he warned. "I would call it a death circle. That's really the danger."
Greece needs to find €10.5 billion by the end of May as part of a debt refinancing agreement.
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