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Greece: new round of debt talks as default looms

2015-06-13 15 Dailymotion

Denying that a debt default was discussed, <br />Greek Prime Minister Alexis Tsipras met with his negotiating team before they headed to Brussels for crunch weekend talks.<br /><br /> Markets were rattled on Friday when the International Monetary Fund walked out of talks and EU officials held their first formal discussion that a Grexit may now be close.<br /><br /> Greece must repay 1.6 billion euros in bailout funds to the IMF but the end of June. <br /><br /> Eurogroup President Jeroen Dijsselbloem said: “We have repeatedly explained that there’s little time left and how hugely important it is; especially for the Greeks. On the other hand, I’m also not getting impatient. There is only a deal possible if this plan fits together substantively.”<br /><br /> Dozens of accountants protested in Athens on Friday demanding an end to austerity and help to tackle the country’s complicated tax system.<br /><br /> They say that fines and levies introduced to improve tax collection are excessive and unrealistic.<br /><br /> Some analysts believe that Greece is

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