Greek Bailout Talks Grind to a Halt

    A worker cleans the sign of the Bank of Greece from red and black paint, after Sunday's riots, in Athens, on Tuesday, Feb. 14, 2012. Firefighters doused smoldering buildings and cleanup crews swept rubble from the streets of central Athens following a night of rioting during which lawmakers approved harsh new austerity measures demanded by bailout creditors to save the nation from bankruptcy.  (AP Photo/Thanassis Stavrakis)

    Thanassis Stavrakis / AP Photos

    After weekend protests against new austerity measures, talks for a second bailout have stalled in Greece as leaders butt heads. Euro-zone finance ministers have put off their decision on a more than €100 trillion deal needed to save the country from default until next week, but Jean-Claude Juncker, who heads the gathering of European ministers, said that “substantial further progress” has been made. Tempers flared as Karolos Papoulias, Greece’s president, lashed out at the German finance minister for what Papoulias perceived as slights to his country, saying, “We always had the pride to defend not just our own freedom, not just our own country, but the freedom of all Europe.” It’s another sign that politicians and protesters alike are feeling the pain in Greece as further gouges are taken out of the country’s budget in pursuit of another bailout.

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