Charles Dallara, chairman of the Institute for International Finance (IIF), flew from Washington back to Greece after officials from Athens, and the so-called "troika" of the European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF) indicated they were ready to proceed with the talks. The movement raised hopes that troika officials were also close to agreeing Greece's budgetary reforms with Lucas Papademos, the interim prime minister. But reports on Friday night suggested that Mr Papademos' coalition partners had rejected the troika's demands that include a 25pc reduction ... (full story)