Greece to Break Off Face-to-Face Talks as Issues Persist

  • Negotiators will continue the deliberations from abroad
  • Greece and its creditors discussing pension cuts, labor reform

The national flag of Greece flies above the parliament building in Athens, Greece.

Photographer: Kostas Tsironis/Bloomberg
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Greece and the institutions managing its bailout review will break off negotiations in Brussels without having cleared a path to conclude the deliberations that would release needed rescue funds.

Finance Minister Euclid Tsakalotos, who was meeting with officials from the euro area and the International Monetary Fund, will return to Athens by Saturday, a Greek government officials said in a text message. The two sides still have issues to work out, said the official, who asked not to be named in line with policy.