Greek talks resume to keep bankruptcy at bay

http://www.guardian.co.uk

Greek talks resume to keep bankruptcy at bay

Prime minister Lucas Papademos faces an uphill struggle to win over fellow party leaders on austerity reforms and secure a deal with foreign lenders to avoid a disorderly default in MarchGreece’s economic future is still hanging in the balance after the prime minister, Lucas Papademos, held crucial talks with party leaders in an attempt to rally support for the stringent reforms Athens must enact in return for aid. With at least one political leader in the coalition government publicly refusing to endorse the rescue package, it was far from certain whether Papademos would win backing and keep bankruptcy at bay when the talks resume on Monday.