Greece: The Closing Window of Opportunity

European finance officials will visit Greece on Jan. 6 to discuss Athens' stated intention to reduce its mounting budget deficit. Greece has not yet put forth a plan to significantly reduce its deficit, and its time (and options) is running out. Germany, meanwhile, is pressuring Greece to get its economic house in order without assistance from the International Monetary Fund (IMF), as an IMF loan to a eurozone country could damage the bloc's reputation.