ATHENS — A Greek official informed the Associated Press that the eurozone finance ministers’ teleconference is over, but talks will continue on Wednesday morning.
An EU official says that Greece’s creditors did not agree Tuesday on a new bailout deal or extension for Greece and will instead, starting Wednesday, focus on a new plan for the country.
The official, who spoke only on condition of anonymity because the announcement was not official, said “clearly no agreement tonight. They will reconvene tomorrow to discuss a follow-up agreement.”
Greece had made a last-ditch proposal before its bailout program expires at the end of the day.
As a midnight IMF payment deadline closes in, the head of the agency responsible for preserving financial security in the European Union says “it is regrettable” that Greece has no new bailout program in the pipeline.
Greece’s European bailout program ends at the end of Tuesday, and the country has not managed to agree on an extension or a new deal with creditors.
European Financial Stability Facility chief Klaus Regling says the impasse puts “the positive results of the (current) program at risk.”
The EFSF is Greece’s largest creditor by far and the government in Athens has an outstanding loan for 130.9 billion euros ($145.9 billion).