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Merkel Expects Greek Funding Talks to Drag On for Months

From bloomberg.com

Germany expects negotiations with Greece to drag on until the current round of bailout funding runs out and is prepared to play a waiting game until April or May, when the country approaches a cash crunch, a person familiar with the matter said. Greece would not immediately go bankrupt at the end of February because it has resources to last beyond that point and Germany is ready to wait until there is a more urgent financing need to strengthen its bargaining position, said the person, who asked not to be identified discussing internal talks. Chancellor Angela Merkel, who is still assessing Prime Minister Alexis ... (full story)

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