Come on guys, it's make your mind up time. Kick the can down the road, one more time ...
Greece yesterday unveiled a political deal over budget cuts that should unlock a €130bn (£109m) aid package and enable Athens to avoid a potentially catastrophic default next month. After a week of fraught negotiations between the three parties that make up Lucas Papademos' coalition government, the Prime Minister's office yesterday confirmed that agreement on €3.3bn of new spending cuts had been secured.
But there is still some way to go before the deal is finalised, as the chairman of the meeting of eurozone finance ministers said Greece has to identify an extra €325m in savings for 2012 in order to trigger the bailout.
Jean-Claude Juncker said the Greek parliament will also have to pass the full package of cuts and reforms on Sunday and party leaders have to make clear that they will back the measures after elections, due in April.
10 February 2012
Getting off the pot
When is a deal not a deal? A. when it involves the Greeks; and B. when it involves EU politicians. The Independent reports: