World Economy

Greece, Creditors Fail to Agree

Greece, Creditors Fail to AgreeGreece, Creditors Fail to Agree

Greek officials and representatives of the country’s bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough, AP reported. Greece had been hoping to wrap up the talks with its European creditors and the International Monetary Fund over the weekend. But a series of marathon meetings—including a 10-hour session that ended Monday morning—proved fruitless. The main sticking points are a demanded overhaul of Greece’s tottering pension system, where the left-led government insists it will not cut current pensions, tax reforms and protection for people who can’t repay bank loans.