New York Times
November 23, 2011
After refusing to do so for weeks, the leader of New Democracy, the second-largest party in Greece’s interim government, sent a letter to the country’s foreign creditors on Wednesday pledging to support a debt-relief deal. But it was not clear whether the move would break a political deadlock that was preventing Greece from receiving badly needed rescue funds.
Without that $10.7 billion — the sixth installment under a rescue deal that was approved last year — Greece is likely to default on some of its debts in December, which would shake the euro zone.
Foreign lenders have insisted that the leaders of all three parties in the new unity government — including Antonis Samaras of New Democracy — make a written commitment to the second bailout deal. Mr. Samaras, who sharply criticized the terms of the deal before the formation of the unity government, has resisted doing so, saying his spoken assurances should be good enough.
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