Next 48 Hours Crucial to Greek Negotiations

Ahead of a crucial meeting in Brussels to discuss Greece’s moribund bailout program, the country’s friends and foes are making their feelings known about the country’s economic future – which could be hanging in the balance.

Greek Finance Minister Yanis Varoufakis is expected to announce something of a four-pillar overhaul of the country’s current bailout program when he meets with other euro zone finance ministers on Wednesday.

He is likely to propose new reforms — to make up for the ones that the new Greek government wants to scrap — and to ask for a “bridge program” to cover the government’s funding needs while a new debt pact is agreed.

via CNBC

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