Greek Government Fails to Reach New Austerity Agreement
Via the BBC: Greece bailout: Coalition fails to agree cuts
Greek PM Lucas Papademos has failed to secure the support of his coalition for a raft of new austerity measures, after more than seven hours of talks.
A statement issued by the prime minister’s office said the aim of the meeting with the troika – representatives from the European Union, the European Central Bank and the International Monetary Fund – was to "conclude the agreement" before Thursday’s meeting of eurozone finance ministers.
This is all part of the ongoing Greek crisis and the ball is now moving to the EU level.
The proximate cause of the current attempts at action is a pending March 20th debt payment deadline.
More on the subject here: Why Greece won’t go away.