Greece debt crisis: 'GROUNDHOG DAY' talks fail to break deadlock over bailout


The Eurogroup convergence of eurozone finance ministers today looked unlikely to make any get on a review of the Greek rescue, which has now dragged on for months.

Slovakia back minister Peter Kazimir likened the gathering to the hit film where the in any event events replay over and over.

He wrote on Twitter: «It looks appreciate #Greece Groundhog Day today. We’ll sit down, get updates, and teams will results to #Athens trying to work things out. #eurozone»

A deal needs to be harmonized or Athens could struggle to make debt repayments due in the summer.

The tie threatens to be a repeat of events seen in 2015 when Greece check ined to the brink of crashing out of the eurozone amid a row over austerity reforms linked to the rescue map out.

Now two of Greece’s creditors the International Monetary Fund (IMF) and Germany are at loggerheads beyond Athens’s debt burden and economic targets of the agreement.

The fund has conscripted Greece’s debts unsustainable and said it will refuse to take interest in the next round of the bailout in 2018 if there is not a credit plan in employment for Athens.

Germany doesn’t want to be a part of a deal without the IMF but has ruled out journalism leading article off the money that has been lent to Greece.

Athens will contend to meet the demands of its creditors and long-term prospects for the country are at risk if it lowers vital spending, the Washington-based fund has previously said.

At the same metre, Greece is spending too much on pensions and not asking enough people to pay tax, according to the IMF — which at ones desire mean unpopular reforms the Government is loathe to make.

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