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Breakdown of Greek talks sets up EU summit showdown

2015-06-15 14 Dailymotion

The latest breakdown in talks between Greece and its international creditors means any deal will have to be done at an EU summit.<br /><br /> Leaders meet in Brussels on June 25th for talks that are likely to be dominated by the ongoing Greek debt crisis.<br /><br /> IMF officials want Greece to find 1.8 billion euros in savings from pensions, the Associated Press news agency quoted EU diplomats as saying. <br /><br /> But the left-wing Syriza government has stuck to a hardline position, saying it won’t accept pension cuts.<br /><br /> The European Commission, which has chaired talks over the past four months, hit back on Monday.<br /><br /> “It is a gross misrepresentation of facts to say that the institutions are calling or have called for cuts in individual pensions,” said Commission spokeswoman Annika Breidthardt.<br /><br /> “The pension system is one of the most expensive parts of spending, it’s also one of the most expensive pension systems in Europe, and therefore a reform of the pension system is part of the requirements”.<br /><br /> Greece mus

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