Content Section
EURO CRISIS Greek Debt Talks Hit Snag Thanassis Stavrakis / AP Photo

Greek Debt Talks Hit Snag

The Greek debt negotiations continued into the weekend without a deal, despite the eagerness of Athens to reach an agreement by Monday, when eurozone leaders will meet for finance talks. International Monetary Fund finance chief Charles Dallara said Friday that “now is the time to act” in an effort to move along the stalled talks. Greek leaders, the European Union and the IMF have sparred in finding a satisfactory debt-swap deal. If an agreement is reached by Monday’s meeting, Greece will be able to set in motion the paperwork and approvals necessary to get an infusion of cash into their struggling economy to avoid bankruptcy in March.

January 21, 2012 8:10 AM