Tuesday, February 14, 2012

Report: Wednesday euro zone finance minister meeting cancelled

by Bill McBride on 2/14/2012 01:16:00 PM

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.

“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.
There will be conference call instead, and then the regular meeting next Monday.

The €200bn "Private Sector Involvement" restructuring needs to begin pretty soon to make the March deadline ...

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