Pessimism over Greece bailout talks

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Published: Monday 16th February 2015 by The News Editor

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Greece’s new radical left government and its European creditors are heading into talks on the country’s stuttering bailout programme, with low expectations on both sides.

Asked if he expects a solution at the meeting in Brussels, German finance minister Wolfgang Schauble said that what he has heard of the past weekend’s technical-level discussions makes him “very sceptical”.

A Greek government official said the talks with finance ministers from the other 18 euro countries will be tough, and may not result in a firm decision.

The official said efforts to win over European creditors to Greece’s anti-austerity drive would be an “endurance course”.

Time is running out. If there is no deal by February 28, when Greece was supposed to conclude a review of the bailout, then its banks could be left without access to affordable funding.

Published: Monday 16th February 2015 by The News Editor

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