Greece sets bailout revision agenda ahead of EU-IMF audit

A marathon nannycrat session ended with no deal as the IMF played hardball insisting Greece reduce debt to 120% of GDP by 2020. Not to worry, Jean-Claude "Lie When It's Serious" Juncker says progress was made.

ATHENS – Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout program, the country’s European lenders said on Monday. The long-awaited report from the European Commission and the European Central Bank details the findings of the “troika” of the EC, ECB and the International Monetary Fund on Athens’ efforts to meet targets under its 130-billion-euro (US$170-billion) bailout.

Europe has been on the "verge" of a deal for two weeks. However, a deal is meaningless if Germany insists on budget controls. Actually a deal now is meaningless even if Germany does back down because at some point Greek politicians will have had enough. Here are the latest stories. Yahoo! Finance reports Greece, creditors on verge of clinching debt deal

BRUSSELS — Within minutes of eurozone finance ministers reaching a deal to cut Greece’s debt late on Monday, commentators on Twitter were dismissing it as another exercise in “kicking the can down the road”. To an extent that is true. Under the agreement, the euro zone and the International Monetary Fund will give Greece two more years to reach its budget goals and will find another 44-billion euros (US$57-billion) to keep the country afloat in the meantime.

European officials have had enough of the technocrat leadership in Greece. EU officials have given a week for Antonis Samaras, the leader of New Democracy party, and member of the coalition to sign a document saying he will support the European Union debt plan. He says he will. The EU wants a Signature. Does a Signature Even Matter?

European officials have had enough of the technocrat leadership in Greece. They have given a week for Antonis Samaras, the leader of New Democracy party, and member of the coalition to sign a document saying he will support the European Union debt plan. He says he will support the plan (with modifications). The EU wants a signature now, with no changes. Does a Signature Even Matter?