Jittery markets may calm down if the EU agrees on a new rescue package for Greece worth about 120bn euros, which would give Greece time to restructure its economy, boost much-needed tax revenue and eventually return to commercial lenders.
German Finance Minister Schaeuble immediately responded that granting Greece more time or money will not help Greece overcome its problems.
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Or to put it another way, the rescue does not promise a bright new dawn for Greece any time soon.
That would give Greece more time to fix its finances, might keep the ratings agencies at bay, and perhaps even satisfy the ECB.
Greece's lenders are calling on Athens to step up efforts to increase tax collection, privatize public enterprises, and rein in health spending, and are planning to give Greece more time to shore up its economy and finances.
Mind you, there was something going on with Greece at that time.
For every time that Greece manages to reach what is demanded of it then more is demanded.
It is time that Greece (really, the European Union) understood this.
It is hardly his fault that this book appears at a time when Greece's financial crisis provides a glaring example of the risks in monetary union.
One could argue that the euro existed for a time without Greece and functioned fine, that allowing Greece to join was a mistake, and thus that a euro without Greece would be more stable.
The decision on whether to call a general election will hinge on the outcome of 13 contests for the powerful post of periferiarch (regional governor), the first time in Greece that senior administrators have been directly elected.
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Most political economists I speak to believe this has been the logic all along, and brave though it has been for Prime Minister George Papandreou to try and buy time to do a proper structural reform of Greece, the implosion of Spain and Italy has robbed him of that time.
She has worked as an artist for 20 years, studied art in Canada, Italy and Greece and worked as a part time lecturer at the University of Regina.
Unlike the relief rally when the EU bailed out Greece in May, investors this time barely paused for breath before continuing to dump Irish assets, as well as those of Portugal and Spain.
He told the jury that at the time of the alleged cover-up of Huhne's speeding offence, he had been dividing his time between homes in Greece and Notting Hill, west London, because of his business interests.
The reforms that are needed to be enacted in Greece are important and will take some time.
Mr Symeou, who denies being in the nightclub at the time, was extradited to Greece in July 2009.
The Institute of International Finance said a second bail-out "will buy some time but will still leave Greece's debt sustainability probably unresolved".
But with some older heads in the Greece team asserting themselves and the half time offering a chance to regroup, they managed to dodge a bullet.
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With Greece and its private creditors still negotiating the scale of haircuts to be imposed on bondholders, this may have been too delicate a time for leaders to discuss Greece.
At the same time some have proposed that Greece should temporarily enter default in a move that would bridge one episode of the crisis to a way forward despite staunch ECB opposition to any initiative that might appear in the lexicon of default.
An orderly sale of Italy's state-owned industries and Greece's land holdings would take time, which is no longer available, so the immediate solution to the crisis is to place such hard assets in a euro-zone trust that would then issue euro-zone bonds backed by those assets.
If Greece defaults in three or four years' time then Europe's banks may be stronger and healthier.
Moreover, Pasok is handing over the reins at a delicate and perhaps critical time in the triangular relationship between Greece, Turkey and Cyprus.
German and French banks have already agreed in principle to roll over loans to Greece in order to give the country more time to repay its debts.
The European sovereign debt crisis seems to have flared up once again over the past few weeks, as Greece battles the Troika over further austerity and time-extensions.
The EU oil embargo, agreed last month, was phased so member states that were relatively dependent on Iranian crude - notably Greece, Spain and Italy - had enough time to find alternative sources.
With customs officers on hand 24 hours a day, the time needed to buy goods in Greece, or take delivery of containers arriving by train from the port of Salonika, should be slashed.
The strength of the American economy compared with the economies of Europe will most likely continue to push up the value of the dollar over time regardless of what happens in Greece, he said.
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