Greek brinkmanship: Is the European Union negotiating with the wrong parties?
Will the Greeks get the 130 billion euro ($169 billion) bailout at the euro zone finance ministers meeting on Monday, or not? There are three possibilities: 1) no; 2) yes, with an escrow of some sort (unconditional yes in off the table); or 3) approval of just the private sector involvement (PSI) deal or some other part of the overall package.
The concern is that after the Greek elections in April, the Greeks may attempt to renegotiate the deal. The EU leaders want to pre-empt that possibility by getting the two major parties to sign an agreement that they will enforce the austerity package signed on Sunday, regardless of the outcome.