Europe Scrambles to Pick up Pieces of Greek Talks Failure

Europe was scrambling Friday to pick up the pieces after another failed meeting over Greece's bailout that reinforced fears that the country was heading for bankruptcy and a possible euro exit.
Amid signs that Greeks are taking their money out of banks in growing amounts, the European Central Bank has scheduled a teleconference of its governing council to discuss emergency liquidity assistance for Greek banks — just two days after it increased the amounts it was willing to provide.
The scale of unease over Greece's failure to thrash out a deal to get more loans from creditors is evident in the fact that the ECB has been steadily increasing the emergency credit it allows Greek banks to draw on to remain afloat.