Monday, February 6, 2012

Greek crisis talks for debt deal pushed to Monday (AP)

ATHENS, Greece ? Leaders of parties supporting Greece's coalition government say crisis talks for huge new debt deals will continue Monday.

Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund ? but again failed to reach an agreement.

Greece is racing to finalize austerity reforms needed for a new euro130 billion ($171 billion) without which it would face bankruptcy in late March.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

ATHENS, Greece (AP) ? Leaders of parties supporting the Greece's coalition government say crisis talks for massive new debt deals will continue Monday.

Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund ? but again failed to reach an agreement.

Greece is racing to finalize austerity reforms needed for a new euro130 billion ($171 billion) without which it would face bankruptcy in late March.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20120205/ap_on_bi_ge/eu_greece_financial_crisis

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