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Greece: Debt Talks Must Be Done by Late Sunday

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Greece: Debt Talks Must Be Done by Late Sunday

Greece’s finance minister said negotiations for the bailout deal his country needs to avoid defaulting on its debts must be completed by late Sunday, but that a breakthrough is being held up by demands from debt inspectors for more austerity measures. Evangelos Venizelos said Saturday the negotiations in Athens with rescue creditors for a new €130 billion ($171 billion) bailout deal are at “a very crucial stage.” Earlier, he joined a two-hour conference call with other eurozone finance ministers, and resumed talks with debt inspectors from the European Union, European Central Bank and International Monetary Fund — known as the “troika” — after a 12-hour meeting with them on Friday.