By Hugo Dixon
Hugo Dixon is Editor-at-Large, Reuters News. The opinions expressed are his own.
The Greek government has sent a reform package to its EU and International Monetary Fund creditors, hoping it will unlock desperately needed funds to stave off bankruptcy.
Dramatic escalation in Yemen overnight with Saudi Arabia and its Gulf allies launching military operations including air strikes in Yemen to counter Iran-allied forces besieging the southern city of Aden where the U.S.-backed president is holed up.
Greek Prime Minister Alexis Tsipras meets Angela Merkel in Berlin late today.
The strategy in Athens seems to be to seek mercy from EU leaders, going over the heads of euro zone finance ministers and the European Central Bank and IMF, hoping that they will see the broad political cost of a Greek collapse rather than focus on the nitty gritty of funding and required economic reforms.
That doesn’t look like a winning strategy.
After late-night talks in Brussels with key EU leaders and institutional chiefs, Greek Prime Minister Alexis Tsipras assured his creditors that he would soon present a full set of economic reforms in order to unlock cash to stave off bankruptcy.