• Greece in tough, continuous talks with EU partners (note, mistakenly transcribed contentious instead of continuous. My error)
  • Has special national plan to 2013
  • International environment difficult
  • Confidence vote to help ensure funds

2013, eh?

Europe will be better positioned in 2013 to withstand a Greek default as the ESM replaces the EFSF at mid-year…

Sounds like they just want to keep the balls in the air for two more years before letting them fall where they may…