Greece must clinch bailout deal or face euro exit - spokesman

[dipsydoodle]

(Reuters) - Greece faces an exit from Europe's common currency bloc unless it clinches a deal on a second, 130 billion euro (108 billion pound) bailout with its international lenders, a government spokesman said on Tuesday.

"The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro," Pantelis Kapsis told Skai TV. "The situation will be much worse."

EU, IMF and ECB inspectors are expected in Athens mid-January to flesh out the new bailout plan agreed in principle by EU leaders in October.

Greece needs to push ahead with a series of unpopular reforms to pensions, privatisations and the labour market in the next couple of weeks otherwise talks with the "troika" of EU, IMF and ECB inspectors could run into trouble.

http://uk.reuters.com/article/2012/01/03/uk-greece-idUKTRE8020A020120103

[JustAnotherGen]

1. I wish Europe would move forward

And shut this issue down. They know the issue at hand, they understand the issue - they need to make hard decisions fast and stop the dang pinball game with the world economy. And I do have future family (including elderly future in laws) there in Italy - and THEY want the chips to just fall.