Greek bailout to dominate eurozone meeting

The Greek debt crisis continues to dominate today's front pages, with the Guardian reporting that prime minister Lucas Papademos is in Brussels to try to secure a €130bn bailout.

According to the paper, Papademos will attend today's meeting of eurozone finance ministers in an attempt to unlock the vital loan for his near-bankrupt country and avoid a debt default that could put the single currency at risk.

It adds that his unexpected visit came as German finance minister Wolfgang Schäuble accused Athens of failing to implement the required reforms and rejecting offers of help in rebuilding its shattered economy.

The Telegraph says that Germany has toned down threats to force Greece out of the euro, following what it describes as "intense pressure" from France, Italy and the US-led bloc of global leaders.

It quotes Schäuble as saying the country is "on the right path" and indicated that EU ministers would approve the loan package after the Greek cabinet agreed pension cuts over the weekend.

"If Greece can implement all the necessary promises by the end of February and clear up any other open questions, the second aid package can be approved," he said.

The Irish Times predicts that eurozone finance ministers will sign off the loan package later, adding that they will also agree to wipe €100bn from the Greek national debt.

It says that under the agreement, dozens of European inspectors will be deployed full time in Athens to oversee the rescue deal.

This, it says, reflects the mistrust of EU leaders towards Greece over what they see as its failure to execute promised reforms from the first bailout.