Talks stalling on two points: IMF involvement in a new three-year bailout, and a German demand for Greece to give up €50bn in public assets as collateralA marathon overnight negotiation between Greece and its creditors remained unresolved on Monday morning after European leaders confronted Alexis Tsipras, the Greek prime minister, with a package of austerity measures which entailed a surrender of fiscal sovereignty.A weekend of high tension that threatened to break Europe in two climaxed on Sunday at a summit of eurozone leaders in Brussels where the German chancellor, Angela Merkel, and the French president, François Hollande, presented Tsipras with an ultimatum. Continue reading...
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