Greece, EU powers agree to step up debt talks as crunch looms

BRUSSELS (Reuters) - Greek Prime Minister Alexis Tsipras held a new round of late-night talks with the leaders of Germany and France and agreed to intensify negotiations with Athens" creditors ahead of a looming default at the end of the month.... more

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New Greek Budget Plan Falls Short of Last Week’s Pledge

(Bloomberg) Greece’s latest budget proposals fall short of the targets Prime Minister Alexis Tsipras agreed on with creditors last week, according to an EU official.

Tsipras had settled on goals for Greece’s primary budget surplus with the European Commission and creditor institutions last Wednesday night, said the official, who asked not to be named because the discussions were private.

Greece did not push for lower targets in any of last week’s discussions with creditors following that meeting, the official said.

by Rebecca Christie

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