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Greece Sets Up Cash Crunch for March Telling EU Financial Bailout Is Over

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Greek Government Officials Meet With Creditors

Finance Minister Yanis Varoufakis set the clock ticking on Greece’s standoff with the euro area on Friday saying he’s ready to take his chances without a financial backstop rather than submit to more austerity.

The new government may be operating without a financial safety net for the first time in five years by March after Varoufakis challenged the euro area to agree to a new framework of support that allows for more spending. Greece won’t engage with officials from the troika who have been policing the conditions of its rescue since 2010, he said at a joint press conference with Eurogroup Chief Jeroen Dijsselbloem in Athens.