ATHENS: Greece and its international creditors failed to clinch a deal on Greece’s bailout issue on Thursday, raising the risks of a default and Grexit from the euro zone.
The Eurogroup meeting on Thursday, widely seen as Greece’s last chance to avoid default, ended with no progress yielded from the talks. I am regretting to say that too little progress has been made. No agreement is in sight over Greece debt deal,” Dutch Finance Minister and Eurogroup President Dijsselbloem told press in Luxembourg.
Dijsselbloem said there is unlikely any financial aid to Greece before June 30, when its euro zone bailout agreement expires and the country has to pay about 1.5 billion euros (1.7 billion U.S. dollars) to the International Monetary Fund (IMF). The Eurogroup chief said all parties should be prepared for all eventualities.
“Time is running out for agreement as parliamentary procedures have to be considered.” The Eurogroup chief urged Greek government to seize the “last opportunity,” adding that it is still possible to find an agreement before the end of the month.
