Thursday 27 October 2016

Greek talks break down on debt deal


Talks between Greece and its eurozone partners have broken up without agreement, intensifying doubts about whether Athens can make a crucial debt payment due in just a few days.

Finance ministers from the 19 nations using the euro currency yesterday failed to bridge differences over the kinds of reforms that Greece must implement to qualify for billions in new loans. The negotiations will resume on Saturday.


It was the latest in a series of negotiating road blocks, and a major setback since there had been hopes to reach a deal in time for European leaders to approve it at a summit later in the day.

"Eurogroup back later, but not today," Finland's finance minister, Alexander Stubb, tweeted as the talks broke up. EU officials said the ministers would meet on Saturday. A Greek government official said Athens remains "steadfast in support of the proposals it had made earlier".

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