European markets are down this morning after more hitches in plans to rescue Greece from default. There's a sense the Greeks have exhausted the goodwill of other European countries.
The future of Greece hangs in the balance as it is still uncertain whether they will be able to dig themselves out of their debt hole — with a lot of help from the rest of Europe.
A big meeting today in Europe that was supposed to continue talks on the Greek debt crisis has been delayed until next week. Now, leaders will join in a conference call to discuss the problem.
A meeting on the Greek bailout has been delayed. Eurozone leaders want more assurances from Greek leaders that they'll make the spending cuts they've promised. The news has triggered more frustration in Athens.
Greece today is trying to find another few hundred million dollars worth of budget cuts. Meanwhile, the rating agency Moody's has downgraded the credit ratings of six European countries, which is likely to make matters worse.
