Greece ‘misses’ fiscal targets, edges closer to default

http://www.firstpost.com/world/greek-tragedy-17253.html

ATHENS/BERLIN: Greece’s hopes of averting default dimmed on Saturday as fears grew the country may have missed fiscal targets set by its lenders while euro zone policymakers bickered on how to respond to the deepening crisis.

The country’s finance minister denied a report in Germam weekly magazine Spiegel that international inspectors will report that Greece failed on all its fiscal targets, a condition for getting a key, fifth tranche of a 110 billion euro bailout.

“Negotiations continue and will be completed in the next few days. We have every reason to believe the report will be positive for the country,” George Papaconstantinou told Greek Mega TV.

But pressure continued to pile on the socialist government, which saw its popularity fall behind its conservative opposition for the first time since 2009 elections in the wake of harsh austerity measures to exit the debt crisis.

You mean the IMF/WB prescriptions for getting out of debt and fixing your economy don't work?
:sarcasm:

It's the mark of the true believer that their ideology can never fail, it can only be failed.

tomorrow Drachmas.

nt