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6/18/15

Curtain Time for Greece? Hope in short supply as Greece, EU seek bailout deal

Optimism was in short supply Thursday over the prospects of a deal that might prevent Greece’s bankruptcy as eurozone finance ministers gathered for a keenly awaited meeting in Luxembourg, with both sides refusing to budge on their demands.

With Greece fast approaching a potential default on June 30 and amid signs that Greeks are withdrawing money from their banks, officials acknowledged that a Greek exit from the euro was now being discussed.

Pierre Moscovici, the European Union’s top economy official, said the eurozone meeting will be “very difficult” but that he hoped everyone turns up “with cool heads and the political will to succeed”.

Read more: france 24 - Hope in short supply as Greece, EU seek bailout deal - France 24

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