http://www.telegraph.co.uk/finance/economics/11416209/Germany-warns-there-are-no-options-as-time-runs-out-on-eurozone-talks-with-Greece.htmlThe latest meeting between Greece and its international lenders over the debt-stricken country's €172bn bailout ended in disarray on Monday, as the eurozone's offer was rejected as "absurd" and "unacceptable".
Greece has demanded an end to the EU and International Monetary Fund's “adjustment” programme of economic reforms and austerity agreed three years ago in return for a bailout.
Eurozone finance ministers met in Brussels on Monday hoping to reach a compromise before the bailout expires on February 28.
However, Greek politicians reacted with anger to a draft statement tabled by Jeroen Dijsselbloem, the Dutch finance minister who chairs meetings of eurozone finance ministers.
The communique committed Greece's far-Left Syriza government to “successfully conclude” the EU-IMF programme...
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They didn't even get past the opening statement. Pretty much empty theater. The markets aren't going to like this.
