The Brussels-approved Greek government of Lucas Papademos has failed to move ahead with promised...

|By:, SA News Editor

The Brussels-approved Greek government of Lucas Papademos has failed to move ahead with promised actions after securing its €8B bailout check. The top priority - a bond swap with the country's private creditors to be hammered out before year's end - looks dead in the water. The privatization program, labor market reform, public sector layoffs, pension plan cuts ... all stalled at the moment.