But Commentary Anyway
One thing that the U. S. negotiations on deficit reduction and European negotiations on how to solve the dilemma of bailing out Greece (without looking like it is bailing out Greece) have in common is that every day brings a new plan, a new position by the parties and new questions about where this is all headed.
Pool photo by Steffen Kugler
European leaders have agreed to loan
more than $140 billion over the next three years and have broadened efforts to support weakened governments and banks . . . Greece
The plan under consideration would allow
to default temporarily, and would include the bond buyback and a debt swap but no new tax on banks. Greece