Political leaders meet in an ultimatum climate

The crucial meeting of the political leaders with PM Lucas Papademos has been underway since about 15:30. According to information, the climate relates to an ultimatum towards Greece by the lenders: "You either do what we ask or you default."

As protothema.gr has reported since Saturday morning, the Troika is asking for cuts in the 13th and 14th salaries, in certain cases in the minimum wage, and even bigger cuts - around 35% - to supplementary pensions.

The PM will convey this climate to Papandreou, Samaras and Karatzaferis, with Maximos Mansion officially denying that there is a resignation issue in case no agreement is reached, but also with relevant government sources insisting that anything is possible.

The partners have increased the pressure on all fronts. Juncker’s statement yesterday is indicative of the situation, according to which "if Greece does not do what it must, it will deafult in March."