Greece Pins Hopes on Merkel as Talks Yield Little Progress
Greece Faces Tough Week of Decisions as IMF Waits
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Greece’s hopes of sealing an accord with its creditors by the end of May dimmed on Sunday, as disagreements between the two sides on budget targets persisted, a person familiar with the matter said.
With technical talks yielding no breakthrough, Greek Prime Minister Alexis Tsipras is seeking the intervention of German Chancellor Angela Merkel and French President Francois Hollande. The three leaders held a “constructive” call on Sunday on the next steps, a German government official said.