Greek gov't torn between making concessions for deal with creditors and letting talks drag

As it has become clear that a deal with Greece's international creditors still appears a bridge too far, the government is reportedly split between making the concessions required to reach an agreement soon and opting to live dangerously by waiting it out, with all the risks to the economy that entails, hoping for more favorable conditions.

Berlin, for its part, has signaled that a deal on the second review of the country's third bailout must be concluded sooner rather than later.

German Vice Chancellor Sigmar Gabriel said as much during his visit last week to Athens, while Finance Minister Euclid Tsakalotos was recently told by the country's lenders that he should not expect conditions to change favorably for Greece, and that if negotiations drag on until June the repercussions for the economy could be catastrophic. But given that the biggest and toughest obstacle to a...

Continue reading on: