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World|politics|June 25, 2015 / 11:50 AM
Greece debt crisis: Talks to resume in Brussels

AKIPRESS.COM - A Greek default Greek PM Alexis Tsipras is due to resume talks with international creditors with time running out to find a solution to Greece's debt crisis, reports BBC.

Late night talks with the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) adjourned without agreement.

But they still hope to thrash out a deal before eurozone finance ministers meet at 13:00 local time (11:00 GMT).

Greece must repay a €1.6bn (£1.1bn) IMF loan by next Tuesday or face default.

That could lead to Greece exiting the eurozone, with possible repercussions for the rest of Europe and the world economy.

"The Greek government remains firm on its positions," a Greek official told reporters after two hours of overnight talks in Brussels broke up early on Thursday.

An earlier round of talks on Wednesday - that lasted seven hours - failed to produce a breakthrough.

As he headed into the talks, Mr Tsipras criticised creditors for rejecting his latest reform proposals, which they say are not viable.

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