Greece Deal on Bailout Unlikely Today, Euro Ministers Say
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European finance chiefs said they were unlikely to strike a deal on the outlines of a third Greek bailout, threatening to delay the cash infusion Prime Minister Alexis Tsipras desperately needs.
While a hardline group led by Germany resisted another rescue, the worst-case outcome was off the table for now. A Sunday meeting of the 28 European Union leaders was canceled; most of the procedures to push Greece out of the euro require their unanimity. A summit of the 19 euro-area leaders was still on, meaning they’ll decide whether to start negotiations on aid.