Greece's international lenders failed for the second week running to agree how to get the country's debt down to a sustainable level and will have a third go in six days' time.
After nearly 12 hours of talks through the night during which myriad options were discussed, euro zone finance ministers, the International Monetary Fund and the European Central Bank failed to reach a consensus, without which emergency aid cannot be disbursed to Athens.
The IMF has so far refused to give Athens an extra two years to meet its debt target, while European governments led by Germany refuse to write off loans, two options which might make the targets easier to reach.
"We are close to an agreement but technical verifications have to be undertaken, financial calculations have to be made and it's really for technical reasons that at this hour of the day it was not possible to do it in a proper way and so we are interrupting the meeting and reconvening next Monday," Eurogroup chairman Jean-Claude Juncker told reporters.
- 1Oil demand growth to slow but OPEC keeps pumping
- 1Britainâ€™s Inflation Rate Unexpectedly Drops Back Below Zero
- 1Minutes Show Fed Leaders Delayed Rate Hike Over Global Risks
- 1Fed awaiting evidence global chill not knocking U.S. off track: minutes
- 1BOE Signals Rate Can Stay Low as Inflation Weakness Persists
- 3Ben Bernanke: More execs should have gone to jail for causing Great Recession
- 3Payrolls Rise Less Than Forecast, U.S. Jobless Rate Steady
- 3Job growth seen accelerating, leaving Fed closer to hike
- 4Fed leave rates unchanged, FOMC Statement
- 5Retail Sales in U.S. Rise as Consumers Unshaken by Turmoil
Follow ForexSQ on Social Networks
adp apple asia stocks asian stocks australian dollar bank of england bank of japan bernanke best forex news boe boj bonds china china economy crude oil currencies currency currency news currency trading dollar dollar index dow dow jones draghi ecb economy economy news egypt eur eur/usd euro euro crisis euro zone europe stocks european central bank european stock markets european stocks eurozone eurusd facebook fed federal reserve fomc forex forex news forex trading forex trading news franc fx fx news gbp/usd germany gold gold price google greece grexit imf iphone japan jobs report jpmorgan merkel nasdaq nfp obama oil oil price oil prices opec payrolls pound price of oil putin ruble russia s&p 500 spain stock stock futures stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks ukraine unemployment rate us dollar us economy us stocks usd usd/jpy wall street yellen yen yuan
“Yes, Dollar is stable and fix and it is useful for...”
“there is no gold savior anymore...”
“i think us stocks has bubble these days...”
“Federal Reserve want to have more control on banks...”
“actually forex traders know more about ite...”
“i know grexit will destroy euro 1finally...”
“most of forex traders shocked by euro falling...”
“oil prices will fall down more...”
“unexpectedly good nfp news for US dollar...”
“swiss national bank destroyed the forex market by its false decision...”