Greece misses bail-out deadline

Greece missed another deadline to approve conditions for a second €130bn bail-out on Tuesday night, after a meeting with political leaders was postponed until Wednesday because of last-minute haggling with international lenders over emergency spending cuts.

Greece has already missed two deadlines this week because of the politicians’ brinkmanship, further exasperating its European paymasters and jeopardising its second bail-out along with a voluntary restructuring of €200bn of government debt.