Greece Meets to Avoid Default

    A protestor waves the national flag of Greece as he demonstrates outside the Greek Parliament building during a 24-hour general strike in Athens, Greece, on Tuesday, Feb. 7, 2012. Greece's government and international creditors are working on the final draft of an agreement on budget and structural measures needed to free up a second aid package, a Greek official said. Photographer: Kostas Tsironis/Bloomberg via Getty Images

    Kostas Tsironis, Bloomberg / Getty Images

    Another day, another deadline postponed. After yesterday’s “crunch meeting” was postponed because of missing paperwork, Greece is meeting again in an attempt to agree on reform that would save the country from default. A party official said heads of several political parties had yet to receive drafts of the agreement with the IMF and EU before they were supposed to meet with Prime Minister Lucas Papademos, so the meeting was called off. Euro-zone officials say Greece must agree on a reform package—and have it approved by the European Central Bank and the IMF—by Feb. 15 if it is to avoid default.

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