Eurozone leaders discuss Greek debt crisis

Eurozone finance ministers are set to meet in Brussels Monday with Greece the focus of discussions. Athens announced in its draft 2012 budget Sunday, that despite radical cuts it will still miss deficit targets set by the EU and International Monetary Fund to avert bankruptcy.
Inspectors from the IMF, EU and European Central Bank, are in Athens to decide whether to approve further loans.
The shortfall in the 2011 deficit target means Greece would need almost 2 billion extra euros just to finance its expenses for this year, without which it would run out of cash as soon as this month.
To persuade the inspectors to release funds Greece has promised to raise taxes, cut state wages and speed up plans to reduce the number of public sector workers by 30 thousand by 2015.