Greece bailout talks fail

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Greece bailout talks fail


Greece’s new anti-austerity government failed to reach a deal with its European partners February 12, on renegotiating its huge bailout, with talks now set to go down to the wire next week. Finance minister Yaris Varoufakis set out Athens’ proposals for a new debt program at an emergency meeting with his counterparts from the 19-country eurozone in Brussels. As he made his case more than 15,000 people turned out on Athens streets in a display of support for the government’s program, according to police. But Jeroen Dijsselbloem, head of the Eurogroup of eurozone ministers, said 6 hours of talks produced no agreement on an extension of Greece’s $270-billion EU-IMF bailout program.

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