Tags: EU | Greece | Bailout

Greece, Creditors in New Bid to Strike Deal in Bailout Talks

Monday, 11 April 2016 05:39 AM EDT

ATHENS, Greece (AP) — Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough.

The new meetings are scheduled for Monday afternoon. Greece had been hoping to wrap up the talks with its European creditors and the International Monetary Fund over the weekend.

But a series of marathon meetings — including a 10-hour session that ended Monday morning — proved fruitless.

The main sticking points are a demanded overhaul of Greece's tottering pension system, where the left-led government insists it will not cut current pensions, tax reforms and protection for people who can't repay bank loans.

Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough.The new meetings are scheduled for Monday afternoon. Greece had been hoping...
EU,Greece,Bailout
128
2016-39-11
Monday, 11 April 2016 05:39 AM
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