Payment Deadline Renews Greece Deal Talks
Greece Faces Tough Week of Decisions as IMF Waits
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Talks on breaking the impasse over Greece’s financial lifeline took on new urgency as the nation faces a debt repayment at the end of this week with a deal to ease its cash crisis seemingly as far away as ever.
An international official said creditor institutions were working on a common proposal that would be presented to Greece as a way of breaking the deadlock in coming days. Technical negotiations on economic measures Greece must take were resuming at 3 p.m. Brussels time and an agreement is closer, though not ready, a government spokesman said on Monday.