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Greeks fail to strike deal to take to Brussels
Greek leaders have failed to agree on reforms and austerity measures, the price of a bailout to avoid a messy default, forcing Finance Minister Evangelos Venizelos to go to the country's financial backers with an incomplete deal.
February 09, 2012
(REUTERS) Athens - Athens' partners in the European Union and the International Monetary Fund are increasingly exasperated by a lack of agreement on the measures they demand in return for a 130 billion euro ($172 billion) bailout and time is running out for Greece before a major March 20 bond redemption.
Euro zone officials say the full package must be agreed with Greece and approved by the EU, IMF and European Central Bank before Feb. 15 so legal paperwork can be completed in time to avoid a chaotic default that could threaten global economic recovery.