Sunday, February 5, 2012

No Greek Agreement Tonight, Talks to Continue Monday

No agreement on a Greek default/ austerity package number 15 tonight after 5 hours of talks.  The talks are to resume Monday morning.  Bennie's inkjets are on standby.

ATHENS, Greece (AP) -- Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.

Greece is racing to finalize austerity reforms needed for a new €130 billion ($171 billion) bailout without which it would face bankruptcy in late March. But in a country deep in recession, with unemployment at 19 percent, many politicians and unions oppose more austerity measures.
The three party leaders held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund, but failed to reach an agreement.
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