EZ and Greece Remain No Closer to Bailout Deal

Greece appeared no closer to a reforms-for-aid deal after the country’s finance minister met with his euro zone counterparts on Friday.  After the talks, which took place in Latvia’s capital city of Riga, the president of the Eurogroup of euro zone finance ministers issued a stark warning to Athens.

“A comprehensive and detailed list of reforms is needed,” Jeroen Dijsselbloem, told reporters, according to Reuters.  “A comprehensive deal is necessary before any disbursement can take place… We are all aware that time is running out.”

According to Reuters, the discussion with Greece lasted little more than an hour, and Dijsselbloem warned that a remaining 7.2 billion euros in frozen funds would unavailable after June.