Greece’s deal or no deal moment is here

The current chapter of Greece’s European bailout drama seems to be reaching a climax.

 

The leaders of all the major creditors met Monday night: Mario Draghi of the European Central Bank (ECB), Christine Lagarde of the International Monetary Fund (IMF), Jean-Claude Juncker of the European Commission, and Angela Merkel and Francois Hollande of Germany and France, the Eurogroup’s two largest economies.

 

They were hammering out a final unified stance to present to Greece before Athens has to make a payment to the IMF on Friday, one that by all accounts it will seriously struggle to make. This seems to be the country’s “Deal or no Deal” moment — a take it or leave it offer after months of back and forth.

 

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