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Greek default looms as talks on agreement continue with PM Papademos

From independent.ie

GREEK coalition leaders are studying a draft deal on further cuts demanded to secure a new bailout that will allow the country to avoid bankruptcy next month. Prime Minister Lucas Papademos said that the heads of the three parties backing his interim government received the 50-page document, drafted with the country's debt inspectors, earlier today. A meeting of Mr Papademos with the party leaders has been moved back to give them more time to study the draft. The talks had already been postponed for three days to make time for negotiations with the European Union, the European Central Bank and the International ... (full story)

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