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Greek debt: Talks to resume as deadline beckons

Greek debt talks are resuming after creditors accused the country's Prime Minister Alexis Tsipras of failing to compromise.

Greece faces a 1.6 billion euro debt repayment to the International Monetary Fund on Tuesday, and is thought to require a new deal to avoid default and a possible withdrawal from the eurozone.

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Greek bailout deal 'could be reached later this week'

A resolution to the Greek debt crisis could be reached "later this week", the head of the Eurogroup has said.

Eurogroup President Jeroen Dijsselbloem. Credit: Reuters

Jeroen Dijsselbloem said proposals from the Greek government had arrived too late for an agreement today, but that finance chiefs would now properly assess the plans in the hope of reaching a deal later this week.

"The work can start immediately as far as we are concerned," he said.

"If necessary - and if all goes well, it will be necessary - the euro group will have another meeting later this week to hear from the final outcome of the talks with the Greek authorities."

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