Crunch bailout talks between Greece and its EU-IMF creditors ended without a deal on Sunday, with a "significant gap" still remaining, a European Commission spokesman told AFP.
"While some progress was made the talks did not succeed as there remains a significant gap between the plans of the Greek authorities and the joint requirements of the Commission, ECB and IMF," said the spokesman from the EU's executive, referring to the three institutions that oversee Greece's huge bailout.
The Greek proposal "remains incomplete", the source said, saying it fell short of providing the necessary reforms to unlock the 7.2 billion euros ($8.1 billion) still remaining in Greece's international bailout, which expires June 30.
Read more; Europe - Greece bailout talks end without deal, says EU - France 24
"While some progress was made the talks did not succeed as there remains a significant gap between the plans of the Greek authorities and the joint requirements of the Commission, ECB and IMF," said the spokesman from the EU's executive, referring to the three institutions that oversee Greece's huge bailout.
The Greek proposal "remains incomplete", the source said, saying it fell short of providing the necessary reforms to unlock the 7.2 billion euros ($8.1 billion) still remaining in Greece's international bailout, which expires June 30.
Read more; Europe - Greece bailout talks end without deal, says EU - France 24
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