Times Running Out on Greek Debt Deal

Times Running Out on Greek Debt Deal

Greece and its creditors hardened their stances on Monday after the collapse of talks aimed at preventing a default and possible euro exit, prompting Germany’s EU commissioner to say the time had come to prepare for a “state of emergency.” Greece has two weeks to settle on a deal before it faces a 1.6 billion euro repayment due to the International Monetary Fund.

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