by Bill McBride on 2/14/2012 01:16:00 PM
Tuesday, February 14, 2012
From the Financial Times: Euro ministers cancel Greece meeting
“It has appeared that further technical work between Greece and the troika is needed in a number of areas, including the closure of the fiscal gap of €325m in 2012 and the debt sustainability analysis,” [Jean-Claude Juncker] said in a statement that followed a preparatory meeting for the event.There will be conference call instead, and then the regular meeting next Monday.
“Furthermore, I did not yet receive the required political assurances from the leaders of the Greek coalition parties on the implementation of the programme,” he said.
The €200bn "Private Sector Involvement" restructuring needs to begin pretty soon to make the March deadline ...
Posted by Bill McBride on 2/14/2012 01:16:00 PM