Greek Prime Minister Alexis Tsipras and his country’s creditors have failed to reach a bailout deal at emergency talks, raising fresh fears that Athens will default on an IMF loan next week.
The differences remain so great despite two days of marathon talks that Greece and the lenders from the European Union and the International Monetary Fund were expected to present rival reform proposals to
eurozone finance ministers in Brussels later last night.
“The Greeks have rather made steps backward,’’ Germany’s Finance Minister, Wolfgang Schaeuble, said.
“Positions are even further apart rather than narrowing. The decision lies exclusively with those responsible in Greece.’’
The latest gambit came after Prime Minister Alexis Tsipras met the lenders under pressure to seal a deal before facing the other EU leaders at last night’s summit.
European Commission president Jean-Claude Juncker said he was “tired to death” after talks with the leftist leader and the heads of the European Central Bank and International Monetary Fund on Wednesday and early yesterday.
The aim was to finalise a deal in time to have it approved by EU leaders before a June 30 payment deadline for a €1.5 billion ($2.2bn) IMF loan repayment
The differences remain so great despite two days of marathon talks that Greece and the lenders from the European Union and the International Monetary Fund were expected to present rival reform proposals to
eurozone finance ministers in Brussels later last night.
“The Greeks have rather made steps backward,’’ Germany’s Finance Minister, Wolfgang Schaeuble, said.
“Positions are even further apart rather than narrowing. The decision lies exclusively with those responsible in Greece.’’
The latest gambit came after Prime Minister Alexis Tsipras met the lenders under pressure to seal a deal before facing the other EU leaders at last night’s summit.
European Commission president Jean-Claude Juncker said he was “tired to death” after talks with the leftist leader and the heads of the European Central Bank and International Monetary Fund on Wednesday and early yesterday.
The aim was to finalise a deal in time to have it approved by EU leaders before a June 30 payment deadline for a €1.5 billion ($2.2bn) IMF loan repayment
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