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Greece Kicks Off Creditor Talks as Borrowing Costs Surge

Dutch Finance Minister Jeroen Dijsselbloem.

Dutch Finance Minister Jeroen Dijsselbloem.

Photographer: Kiyoshi Ota/Bloomberg
Updated on

European officials and Greek authorities are set to begin talks intended to pave the way for aid payments needed to avert default, as yields on the country’s 10-year notes rose to their highest level in a month.

Representatives of the European Central Bank, the European Commission, the European Stability Mechanism and International Monetary Fund are meeting in Brussels on Wednesday with Greek executives, according to a Greek government official. The formation will be collectively known as the “Brussels Group,” the official said.