Euro-area finance ministers gathering in Brussels on Monday failed to break an impasse on debt relief for Greece, delaying the completion of the countrys bailout review and the disbursement of fresh loans needed to repay obligations in July.
After nearly eight hours of talks and multiple draft compromises, Athens and its creditors couldnt reach an accord that would ease Greeces debt and that would convince the International Monetary Fund to agree to help finance the countrys bailout.
The Eurogroup held an in-depth discussion on the sustainability of Greeces public debt but did not reach an overall agreement, said Jeroen Dijsselbloem, the Dutch finance minister who presides over meetings with his euro-area counterparts. Work w…
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