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EU Demands Concessions as Greece Hurtles Toward Deadlines

Bloomberg business news

Greeks Playing a Crazy Game of Chicken: Calomiris

Euro-area finance chiefs urged Greece to bow to their terms for releasing aid within days to avert a cash crunch.

With Greek officials fanning out across the continent to plead their case, Portuguese Finance Minister Maria Luis Albuquerque warned Tuesday that the currency bloc won’t make contingency plans to prepare for a possible breakdown in talks and encouraged Greek Prime Minister Alexis Tsipras to take the offer on the table.