Greek bailout talks due to resume

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Published: Thursday 25th June 2015 by The News Editor

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Crucial talks between Greece and its international creditors ended without result, casting fresh doubt over the country’s future in the euro.

After an eight-hour grilling into the night, Greek prime minister Alexis Tsipras left talks in Brussels with the leaders of the three main institutions handling his country’s massive debts without talking to reporters.

Technical experts were due to resume their deliberations this morning to thrash out the details of Greece’s reform plans and see whether the proposals meet the lenders’ loan conditions less than a week before for a new debt payment is due.

Earlier, the impasse forced eurozone finance ministers to cut short a meeting, which they also plan to resume today. Concern over the lack of progress weighed on financial markets, with stock indexes falling in the US.

Greece has promised mainly tax increases to achieve budget savings, whereas the International Monetary Fund would like more spending cuts. Mr Tsipras rejected the creditors’ new suggestions, saying they put both sides further away from a deal.

Published: Thursday 25th June 2015 by The News Editor

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