No deal on Greek debt eurozone leaders schedule crisis summit for Monday

  • 9 years ago
It comes as no surprise that the meeting of European finance ministers has ended with no solution to the Greek debt crisis.

Eurozone leaders are to meet for a crisis meeting in Brussels on Monday.

The IMF has warned there will be “no period of grace” in the Greek debt repayment deadline:

IMF chief Christine Lagarde addressed the world’s media: “The institutions have put together some very sensible proposals that are a clear easing from whatever was previously considered. And we are waiting. And we hope that the next few days will be used by the Greek authorities to come back with tangible and deliverable measures.”

Google News: Greece fails to reach bailout deal at Eurogroup meeting – MarketWatch http://t.co/u7OZb0WDrF— Ciscaucasia (@ciscaucasia) June 18, 2015

The Greek finance minister Yanis Varoufakis
said that Athens and its creditors are close to a deal on fiscal targets the gap a mere 0.5%.

“That is too small a difference to justify this dangerous impasse,” he adde