Greece Unable to Reach Deal

Greece was unable to reach a deal with the European Union to stay in an EU bailout program on Wednesday, Eurogroup President Jeroen Dijsselbloem said, noting talks will continue on Monday.

“We discussed the possibility of an extension. For some that is clear that is preferred option but we haven’t come to that conclusion as yet. We will need a little more time,” he told reporters in Brussels.

Greek Finance Minister Yanis Varoufakis, who was expected to announce an overhaul of the country’s current bailout program, played down the outcome. Talks were “very good”, he told reporters, adding that a “healing deal” on Greece’s finances could be reached on Monday, according to Reuters.

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