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No Deal for Greece, Creditors; Top-level Talks Resume Saturday
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26.06.2015
Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to either avert a default next week or start preparing to protect the euro zone from financial market turmoil. Euro zone finance ministers ended their third meeting in a week without agreement after the three creditor institutions put a final cash-for-reform proposal on the table in a showdown with Athens's leftist government. German Chancellor Angela Merkel, whose country is Greece's biggest creditor, said Greek positions on some issues seemed even to have gone into reverse.
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