Greek Debt Talks Hit Snag

    Presidential guards take part in the formal change of the guard outside parliament in Athens, Wednesday, Nov. 2, 2011. Greek Prime Minister George Papandreou will try to win over irate European leaders later Wednesday, hours after persuading his cabinet to back a hugely-controversial referendum on the debt-crippled country's latest rescue package. (AP Photo/Thanassis Stavrakis)

    Thanassis Stavrakis / AP Photo

    The Greek debt negotiations continued into the weekend without a deal, despite the eagerness of Athens to reach an agreement by Monday, when eurozone leaders will meet for finance talks. International Monetary Fund finance chief Charles Dallara said Friday that “now is the time to act” in an effort to move along the stalled talks. Greek leaders, the European Union and the IMF have sparred in finding a satisfactory debt-swap deal. If an agreement is reached by Monday’s meeting, Greece will be able to set in motion the paperwork and approvals necessary to get an infusion of cash into their struggling economy to avoid bankruptcy in March.

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