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IPFS News Link • Economy - International

Greek Party Leaders Fail to Sign Off on Bailout

Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.
Speaking after seven hours of negotiations, Papademos said chiefs of the three parties in his coalition had agreed on all the points to secure the 130 billion-euro bailout, bar one.

But Papademos, a technocrat who leads a cabinet of party politicians, said after the talks broke up in the early hours of Thursday that he wanted agreement to be reached before euro zone finance ministers meet in Brussels at 1700 GMT on Thursday.

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