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Mario Draghi
Greece's effort to rework bailout meets resistance in foreign capitals
Greece's effort to rework bailout meets resistance in foreign capitals

A charm offensive by Greece's new leaders appears to have done little so far to persuade the country's skeptical creditors to modify the terms of the hated bailout that has kept its economy afloat since 2010. Greece's far-left Syriza party was swept to power last month on promises to renegotiate the painful budget cuts and tax increases demanded by European leaders and the International Monetary Fund in return for the $274-billion lifeline. On a tour of European capitals this week, Greek Finance Minister Yanis Varoufakis backed away from the party's pledges to negotiate a debt write-down and said he was looking to reach a compromise that would benefit Greece and its...

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