Greece Fights to Win Aid With Pledges to Counter EU Doubts
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European officials ratcheted up the pressure on the Greek government to deliver spending cuts in exchange for a second bailout as they insisted that default is not an option.
Finance ministers canceled a Brussels meeting slated for today and will hold a teleconference instead to prod Greece to do more to clinch an aid package worth 130 billion euros ($171 billion) along with about 100 billion euros of debt relief from private bondholders. Greece needs the money to make a 14.5 billion-euro bond payment on March 20.