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Greece fails to reach agreement with creditors in latest talks

ATHENS: The latest round of talks between the Greek government and EU officials in Brussels has failed to reach an agreement with Germany warning that time is running out. A European Commission spokesman said that progress was made on Sunday, but “significant gaps” remained. The European Union, which holds the vast majority of Greek debt, wants Athens to make spending ... Read More »

Greece fails to win support on €7bn fund proposal from creditors

ATHENS: Greece failed to win support from creditors for proposals to cut spending and receive €7bn in bailout funds in return. Greece needs the money as government coffers empty out and bills come due, such as a debt payment to the International Monetary Fund on April 9, the day after Tsipras visits Putin in Moscow. Hollande’s government views Tsipras’ actions as ... Read More »

Greece fails to get €1.2b, still optimistic on eurozone deal

ATHENS: The economy minister stated that the Athens was not entitled to 1.2 billion euros from the European financial stability facility. He further added that still Greece is about to reach on a deal with Eurozones peers early next week on economic reforms for urgently needed funding. After talks with EU leaders including German Chancellor Angela Merkel in the past ... Read More »