It might be all Greek to us, but facts are facts
According to the Wall Street Journal, the meetings between the Greek government, the IMF and ECB have adjourned and will resume in early September, with both sides agreeing only that “progress has been made”.
Poul Thomsen, the IMF’s mission chief, told reporters: “We made good progress; we are taking a break and will be back early September.” Far from rolling over, Pasok and Democratic Left are insisting that across-the-board reductions on pensions, public-sector salaries and social-welfare benefits be avoided.