By Chris Ciovacco:
Late last week, the vast majority of media coverage reported the next bailout for Greece is basically a done deal. A few reports Saturday suggest it is unwise to believe we are a rubber stamp away from bailout II being approved. Even if Greece gets the next check, it appears as if the Greek tragedy will continue (something we already knew).
The excerpts below come from an article published by the Guardian:
Angela Merkel, Mario Monti and Lucas Papademos ‘confident’ deal on €130bn (£108bn) bailout would be struck on Monday, but concerns are growing behind the scenes.
The German news weekly Der Spiegel reports that a majority of eurogroup finance ministers are readying themselves for a collapse of the latest rescue package on Monday – or, at least, leaving it to a planned EU summit on 1 March to decide.
Greek hopes of winning the final go-ahead for a new