Here we go ..... Talk to delay all or part of second rescue of Greece until after the election in april

http://www.telegraph.co.uk/finance/debt-crisis-live/9083194/Debt-crisis-and-Greek-talks-live.html

13.20 Big news now. Eurozone finance officials are examining ways of delaying parts or even all of the second bail-out programme for Greece while still avoiding a disorderly default, several EU sources have told Reuters. Delays could possibly last until after the country holds elections expected in April, they said.

While most of the elements of the package, which will total €130 bn, are in place, eurozone finance ministers are not satisfied that Greece's political leaders are sufficiently committed to the deal, which requires Athens to make further spending cuts and introduce deeply unpopular labour reforms.

It is also not clear that Greece's debt-to-GDP ratio, which currently stands at around 160pc, will be cut to 120pc by 2020 via the agreement, as demanded by the 'troika' of the European Commission, IMF and European Central Bank.

There are proposals to delay the Greek package or to split it, so that an immediate default is avoided, but not everything is committed to. They'll discuss the options. There is pressure from several countries to hold off until there is a concrete commitment from Greece, which may not come until after they've held elections.