Monday, February 23, 2015

The Dog Ate Greece’s Homework

Greece was not able to complete a final version of its proposal for reforms today.

Greece had promised, as part of Friday’s agreement, to have that proposal finalized by Monday.

… Even the few extra hours sought by Greece’s new Syriza-led government—in power just four weeks—suggest it is struggling to meet the tough demands of its creditors on the one hand while fending off internal dissension within its ranks on the other.

Over the weekend, the government was locked in feverish deliberations with its bailout inspectors—from the European Commission, the International Monetary Fund and the European Central Bank—as Athens sought their acceptance of alternative reform proposals.

In related news, Greece’s grandmother is very sick Winking smile

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