The talks in Greece over new debt have broken down. This is the deal where existing bond holders get shafted for about 50% and get issued new bonds. One of the stumbling blocks is over the interest rates of the new debt. The IMF and Germany are looking for rates lower than 4%, to help Greece manage their interest payments.
Talks broke down, but the article says folks are available by phone. What does that mean? Don't call me, I'll call you? Can I get your phone number, baby?
Why not just send text messages back and forth? That's what all the kids are doing these days! Er, and probably adults, too.