BriefingEurope

As Time Runs Out, All Sides Moving Toward Compromise on Greek Bailout

As Time Runs Out, All Sides Moving Toward Compromise on Greek Bailout
Greek Prime Minister Alexis Tsipras speaks with the media as he arrives for an EU summit in Brussels, Thursday, June 25, 2015 (AP photo by Virginia Mayo).

Another round of bailout talks today between Greece and its creditors, the so-called troika of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), ended without a deal. Next Tuesday Greece is scheduled to make a $1.8 billion loan repayment to the IMF at the same time its bailout program is due to expire. If there is no agreement, an additional $8.1 billion in bailout funds will remain frozen; Greece will default on its loans; and the country could be forced to leave the eurozone. European finance ministers are scheduled to reconvene Saturday for a […]

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