Europe leaders desperate for a deal with Greece

Euro-area finance ministers expressed bemusement on the status of talks with Greece after they were presented at the last minute with competing proposals aimed at resolving the standoff over aid.

Europe’s finance ministers are somewhat confused about the status of talks with Greece after they were presented different last meeting proposals aimed at resolving the deadlock.

Jeroen Dijsselbloem, the Dutch finance minister who chairs meetings of his euro-area counterparts, said that Greece’s creditors pulled together a common position that doesn’t have the support of the Greek government and sent it to finance chiefs to review as the basis for a deal

Malta’s Finance Minister Edward Scicluna, told reporters that Greece’s creditors are running out of time and patience. The documents were merged minutes before ministers met, as he added: “We don’t know what has been deleted or added. We don’t know where the disagreements are.”

Ministers are losing their calm as they meet for the fourth time in a week after talks between Prime Minister Alexis Tsipras and the heads of his country’s three creditor institutions failed to produce a compromise position. German Finance Minister Wolfgang Schaeuble said that rather than making progress the Greeks had moved “backwards.”

Finnish Finance Minister Alexander Stubb, said that “The process continues -- it’s quite the ping-pong back-and-forth”… “The worst case scenario for now is that we continue this tomorrow.”



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