Economics

Greece Aid Talks Will Continue After ‘Productive’ Meeting

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Prime Minister George Papandreou’s government will hold another call with its main creditors tomorrow after a “productive” round of talks aimed at staving off default.

Finance Minister Evangelos Venizelos held “substantive” discussions with European Union and International Monetary Fund officials about securing a sixth instalment of rescue funds, the Athens-based finance ministry said in an e-mailed statement after a teleconference tonight. A second call will be held tomorrow evening. U.S. stocks pared losses after the statement.