Greece’s Government Faces Crunch Talks

Greece’s government faces crunch time in its standoff with international creditors as euro-area finance ministers prepare to reconvene in Brussels to try and break an impasse over financing Europe’s most indebted state.

Finance Minister Yanis Varoufakis leads a Greek government delegation back to Brussels Monday buoyed by a demonstration of support in front of Parliament in central Athens the previous evening that police put at more than 20,000 people. His goal is to secure a bridge accord that allows Greece the time and financial space to negotiate a post-bailout era.

Greek stocks and bonds rose on Friday as officials on both sides signaled some willingness to compromise after an initial meeting yielded little progress. With Greece’s current bailout due to run out at the end of this month, discussions continued into the weekend to try and identify areas of common ground.

Bloomberg

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