Surprise, Surprise: It Appears Greece Still Doesn't Have a Draft of a Deal

by Simone Foxman

Business Insider
February 7, 2012

Greek leaders just announced that they will push back a meeting to approve austerity cuts until tomorrow.

There's some confusion about where exactly they stand on those measures right now.

CNBC first reported that coalitions have a draft accord on the reforms, according to a Bloomberg blast. Markets began to move higher around the time that was announced.

Then Bloomberg followed that announcement with a blast citing a government spokeswoman who said that talks have actually been delayed until tomorrow. Reuters then reported that this postponement has happened because politicians have not yet drafted a final agreement. This would suggest that any agreement is still in the works.

CNBC finally conceded that Greek political leaders postponed a meeting on the bailout package until tomorrow.

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