Greece debt talks to con­tinue

Los Angeles Times - - BUSINESS BEAT -

Greece said it will present its cred­i­tors with new pro­pos­als over the week­end in an at­tempt to breathe life into stalled bailout dis­cus­sions.

Con­fir­ma­tion that talks would pro­ceed over the week­end came af­ter Euro­pean mar­kets had closed. Fears that the two sides were as far apart as ever on such is­sues as pen­sions and the bud­get saw the main stock in­dex in Athens close 5.9% lower and the Stoxx 50 in­dex of lead­ing Euro­pean shares end down 1%.

A Greek gov­ern­ment of­fi­cial in­di­cated that a deal with cred­i­tors may be nearer than thought af­ter Prime Min­is­ter Alexis Tsipras con­ferred with se­nior min­is­ters.

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