Lost weekend: Greek debt talks could resume Saturday

Greece and creditors have failed to break their deadlock. The impasse raises fresh fears of a default that could see the country lose the euro.

Finance minister talks to pave the way for EU leaders to sign an accord at a summit in Brussels broke up abruptly Thursday with no agreement, setting up possible last-ditch talks on Saturday. Greece needs loans to pay 1.5 billion euros ($1.7 billion) to the International Monetary Fund (IMF) by the end of June.

“We have not made the necessary progress,” German Chancellor Angela Merkel, an austerity hawk, told reporters on Thursday. “In some areas one even gets the impression that we have moved backwards.”
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Source News: DW