Greek Crisis Talks Return as Negotiators Face Off Over Debt Relief Demands

by Peter Spence, Economics Correspondent

Greece edged closer to securing a lifeline from its European creditors on Tuesday, as finance ministers met for another round of lengthy crisis talks.

Athens’ leaders fought to secure a €11bn (£8bn) disbursement from the country’s third bail-out package, money that is essential if Greece is to make the repayments owed to its creditors in the summer months.

However, negotiators were locked in debate on the matter of reducing the country’s debt burden. The International Monetary Fund (IMF) has refused to provide further financial backing, unless Greek debt relief can be agreed.

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