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Sunday, May. 20, 2012 |  Syndicate content

Greece talks over EU bailout end without agreement

Page last updated at 12:44 GMT, Sunday, February 5, 2012 - 17:44 EST

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BBC:

The talks come as Greece faces a debt repayment deadline on 20 March
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Party leaders in Greece's ruling coalition have ended talks on backing a proposed 130bn euros ($171bn; £108bn) EU rescue plan without agreement.

Prime Minister Lucas Papademos was seeking the three party chiefs' support for reforms demanded by the IMF and EU as a condition of the bailout.

Mr Papademos had hoped to reach a deal with the leaders by Sunday night, but talks will now resume on Monday.

The money must be in place by mid-March if Athens is to avoid a debt default.

Eurozone ministers had hoped to meet on Monday to finalise the bailout - Greece's second - but that meeting had already been cancelled.

"Political leaders should give a response in principle tomorrow [Monday] afternoon," Socialist Party (Pasok) spokesman Panos Beglitis told Reuters news agency.

Read the whole story: BBC

Watch from Reuters:

 

Watch from MEGA (in Greek)- LA.OS leader Karatzaferis on the troika:

 

Watch from MEGA (in Greek)- Venizelos: The moment is very crucial

Greece-World News