Greek Leaders Fail to Agree To Terms

Fox has just reported that Greek leaders have failed to agree on reforms and austerity measures needed to secure a bailout to avoid a messy default, "forcing Finance Minister Evangelos Venizelos to go to the country's financial backers with an incomplete deal".

The problem is that if they do accept the bailout, this is a major time bomb that will explode int the future.


"Athens' partners in the European Union and the International Monetary Fund are increasingly exasperated by a lack of agreement on the measures they demand in return for a 130 billion euro ($172 billion) bailout and time is running out for Greece before a major March 20 bond redemption.


Euro zone officials say the full package must be agreed with Greece and approved by the EU, IMF and European Central Bank by Feb. 15"