Greek Debt Talks Fail to Break Deadlock; IMF Rejects Loan Extension

Athens, June 20 (RHC)-- The Greek debt crisis remains at an impasse after talks with eurozone finance ministers failed to reach a solution. The Greek government and European creditors are at odds over a deal before Greece’s current bailout expires at the end of month.

The Greek government has rejected European demands for further pension cuts in exchange for a new loan to help Greece meet its obligations. The eurozone has rejected Greece’s latest proposals, including one that would create a panel to oversee Greece’s reforms.

IMF chief Christine Lagarde ruled out any extension of Greece’s loan payment due at the end of the month. A new meeting of eurozone leaders will be held next week. The Greek finance minister, Yanis Varoufakis, urged creditors to drop demands that he said would burden Greece’s most vulnerable citizens.

Edited by Ivan Martínez



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