herald

Friday 17 August 2018

Eurozone talks stall

EUROZONE finance ministers halted an emergency meeting on a second bailout for Greece, as they failed to reach agreement.

Jean-Claude Juncker, the head of the Eurogroup of eurozone finance ministers called the meeting over the weekend and set a June 20 deadline to complete a bailout package for Greece.

Germany has proposed that this package should include a bail-in from bondholders and a seven-year extension of maturing Greek bonds.

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