Euro Area Ministers Fail to Reach Greece Deal as Time Runs Out

Euro-area finance ministers failed to reach a deal on Greece after meetings in Luxembourg, European Commission Vice President Valdis Dombrovskis said. After four hours of deliberations, Greece and its creditors continued their stalemate over whether Prime Minister Alexis Tsipras’s government can take the steps needed to unlock aid... (Full story)

Creditors said Greece needs to keep to the terms of its bailout agreement, a deal that Tsipras has so far rejected. Euro-area ministers sent a “strong signal for Greece to engage seriously in negotiations,” Dombrovskis said on Twitter. “The Eurogroup stands ready to reconvene at any moment.” ... (Full story)