The man leading negotiations on Greece’s debt roll over, Charles Dallara, has lost no time in getting down to work. Dallara, of the Institute of International Finance, is in Athens to work out a deal with private bondholders that is a key pillar of the euro zone’s 130-billion euro rescue package.
Talks began with the new administration immediately after the government of Prime Minister Lucas Papademos cleared its first hurdle by overwhelmingly winning a vote of confidence in parliament.
But if the politicians are listening, the people are not.
A large rally is planned today to mark the anniversary of the student uprising in 1973 that helped bring down the country’s military dictatorship. The march is expected to be joined by thousands protesters opposed to any more austerity measures.