Greece's ability to avoid default hangs in the balance as international monitors prepare to assess whether Prime Minister George Papandreou can meet the conditions of rescue loans.
European Union and International Monetary Fund inspectors hold a teleconference today at 7 p.m. Athens time with Finance Minister Evangelos Venizelos, to judge whether the government is eligible for an aid payment due next month and on track for a second rescue package approved by EU leaders July 21.
"We can't move along without real implementation of fiscal reforms and we are late," Venizelos said at a conference in Athens today. "We must reach the end of December with a cash balance result that's within fiscal targets."
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