BRUSSELS | Sat Feb 4, 2012 6:38pm EST
(Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
Euro zone ministers had hoped to meet on Monday to finalize the second Greek bailout, which has to be in place by mid-March if Athens is to avoid a chaotic default. But the meeting was postponed because of Greek reluctance to commit.
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Euro zone officials said that Greece, betting that the euro zone would not allow a disorderly default because of the possible repercussions across the 17-country single currency bloc, was playing a dangerous game.
"They think, that we think that the unthinkable cannot be thought. But they better think again," the first official said.
