EU Calls Emergency Summit on Greece

Greece lurched closer to an exit from the euro as a meeting of finance officials to reach a deal over aid dissolved in acrimony, forcing leaders to call for an emergency summit for Monday.

As the European Central Bank prepared for its own emergency session on Friday to discuss Greece’s liquidity, thousands of Greeks piled outside parliament in Athens asking for the nation to be saved from default as Prime Minister Alexis Tsipras’s government blamed a conspiracy to blackmail Greece for the rancorous breakdown in talks.

With the specter of capital controls looming, key players deciding Greece’s fate voiced their exasperation with Greece’s top negotiators while the silence of others, such as German Finance Minister Wolfgang Schaeuble, also spoke volumes.

Bloomberg

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