Greece Won’t Back Down (Until It Does)

Just an FYI.
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And, tough talk and Nazi references aside, it has.

The plan will include the possibility of tapping part of a bailout loan disbursement of 7 billion euros, or $7.9 billion, that Athens had been saying it would reject…

Greece still plans to reject some of the harshest austerity conditions attached to Greece’s bailout loans, but will propose retaining about 70 percent of the terms, according to the official….

The apparent reversal of that position on Monday comes as Greece is running low on cash as well as time to pay off a looming series of debts. The official said Greece would also ask its European Union partners on Wednesday for the right to issue about €8 billion of further short-term debt above a current €15 billion limit.

Greece to Propose a Debt Compromise Plan to Creditors [NYT]

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