Greece crisis Eurozone set for Vital Loan talks

Greece crisis Eurozone set for vital loan talks

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Eurozone finance ministers are preparing for a vital third meeting, in Brussels, to try to solve the crisis over Greece’s bail-out.
Greece has put forward a proposal for a six-month extension of its eurozone loan programme instead of renewing its existing bailout deal, which comes with harsh austerity measures.
But Germany has already rejected this.
The existing bailout deal expires at the end of the month and Greece could run out of money without a new accord.
On Friday the German government’s stance appeared to soften after a spokeswoman for German Chancellor Angela Merkel said Greece’s request for a loan extension from its eurozone partners provided “a starting point” for more talks.
“From the German government’s point of view, [the request] is still not sufficient,” said Christiane Wirtz said. But “it certainly offers a starting point for further talks.”

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