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Wednesday, June 10, 2015

Greece and creditors still at odds as Tsipras prepares to meet Merkel

Greece’s prime minister heads to Brussels today for another meeting with Germany and France, but the two sides remain dividedIntroduction: Time is running outBloomberg: no progress this week 7.57am BST Angela Merkel and Francois Hollande are not the only leaders the Greek prime minister Alexis Tsipras will be meeting on the sidelines of today’s EU/Latin America summit.EU Commission President Juncker not willing to meet Greek PM Tsipras today in Brussels. There is no basis for further talks, EU sources say. 7.50am BST Bloomberg is reporting that “no progress” has been made between Greece’s negotiators and the creditors in recent days:#Greece, creditors said to disagree on targets, measures, BBG reports. Talks said to make no progress this week.So what should a rule-based institution do reviewing ELA today? *GREECE TALKS THIS WEEK SAID TO MAKE NO PROGRESS TO END IMPASSE 7.46am BST Good morning, and welcome to our rolling coverage of the Greek bailout crisis and other events across the world economy, the financial markets, and business.Greece is running short of time, and allies.“If there is no movement, there is no meeting,” “Germany and France don’t see the point of a meeting for now.”Juncker told commission meeting Tsipras tmrw 'waste of time', wd be 'better off meeting Latin Americans' - sources https://t.co/h0aLd5GxA9Sainsbury's like-for-like sales in first quarter down 2.1% (excl fuel), down 3.7% inc fuel, blames strong food deflation and competition Continue reading...


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