German Finance Minister Wolfgang Schaeuble said Europe is better prepared for a Greek default than two years ago, jacking up pressure on Greece to hold to its pledges and find the savings needed to win a second bailout.Euro-area governments will decide “soon” on the new aid program, European Union Economic and Monetary Commissioner Olli Rehn said. Finance ministers are due to convene in Brussels tomorrow for their second extraordinary meeting in a week after telling Greek officials to identify additional cuts of 325 million euros ($428 million). The measures are among conditions that must be met by tomorrow for Greece to secure a 130 billion- euro rescue needed to avert financial collapse.
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