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Greece, Creditors Fail to Reach Deal in 1st Round of Bailout Talks

HeadlineFeb 12, 2015

Greece has failed to reach an agreement with European creditors following an opening round of talks in Brussels. The Greek Syriza government wants to revise the terms of its international bailout following last month’s historic election victory on an anti-austerity platform. Greek Finance Minister Yanis Varoufakis said he remains confident a deal can be reached when negotiations resume next week.

Greek Finance Minister Yanis Varoufakis: “We heard many different, interesting opinions. We had the opportunity to table our views, and now we are proceeding to the next meeting, which is in very few days, on Monday, hoping that by the end of that one there is going to be a conclusion to the deliberations in a manner that is optimal from both the perspective of Greece and our European partners.”

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