Greece – The Latest on the Financial Crisis

Posted by The Associated Press

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imagesNo deal yet, and time is running out. 

ECB Not Sure If Greek Banks Can Open Monday

– Below from the Associated Press:

7:55 p.m. (1755 GMT, 1:55 p.m. EDT)

The eurozone’s top official, Jeroen Dijsselbloem, says bailout talks with Greece on Thursday yielded very little and no agreement is in sight yet.

He says Greek Finance Minister Yanis Varoufakis presented too few measures that were credible and serious at a meeting Thursday.

He says the talks over the last week have not progressed and “time is running out.”

Dijsselbloem says it’s up to the Greeks to submit new proposals in the coming days.

Greece is in talks to get more loans from its creditors — which include the eurozone states and the International Monetary Fund. Without help, Greece will struggle to make a debt repayment on June 30.

7:40 p.m. (1740 GMT, 1:40 p.m. EDT)

A leading European Union official says Greece and its international creditors have failed to secure a bailout deal that would help the country avoid a debt default at the end of the month.

Valdis Dombrovskis, an EU vice-president whose remit includes the euro, wrote on his official Twitter account that there was no deal at the meeting of the eurozone’s 19 finance ministers in Luxembourg.

He wrote that there was a strong signal for Greece “to engage seriously in negotiations.”

He added that the group of eurozone finance ministers “stands ready to reconvene at any moment.”

7:00 p.m. (1700 GMT, 1:00 p.m. EDT)


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