Greece Debt Crisis Talks Ends in Renewed Deadlock

Gruelling negotiations between Greece and its creditors broke up without agreement on Wednesday evening as lenders warned the country that it must accept more austerity if it is to avoid defaulting on its debts.
A third meeting of eurozone finance ministers in less than a week was called to a halt amid fresh deadlock over an agreement on greater spending cuts in Athens in exchange for rescue funds.
The finance ministers will reassemble on Thursday in a bid to achieve an elusive breakthrough, as Greece strives to meet next Tuesday’s deadline for a €1.6bn payment to the International Monetary Fund. A deal could not be reached at the finance minister’s gathering despite six hours of talks earlier in the day between Tsipras and the heads of the IMF, European Central Bank and European Commission. Tsipras was due to meet the creditors again on Wednesday night.



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