It's back to Greece again, the biggest story in town.....

The four-month bailout extension granted to Greece on Friday is conditional upon that country's government convincing EU officials today that their plans for economic reform are up to scratch. To manage that without being accused by their supporters at home of back-tracking on pre-election promises would be quite an achievement. The Financial Times (Bailout, Athens lacks wiggle room...p.10) lays it all out. See also the FT's editorial on the subject.