• Debt talks between Greece and its creditors end without any results yesterday

Market news

25 June 2015

Debt talks between Greece and its creditors end without any results yesterday

Debt talks between Greece and its creditors ended without any results yesterday.

"Unfortunately we have not reached an agreement yet, but we are determined to continue work," the head of the Eurogroup Jeroen Dijsselbloem said.

Greek Prime Minister Alexis Tsipras met with European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi, International Monetary Fund Managing Director Christine Lagarde and Dijsselbloem on Wednesday, ahead of the Eurogroup's meeting.

Athens and its lenders failed to reach a deal on tax, pension reform and VAT.

Greece plans to increase corporate tax rates to 29%, while the creditors want to set the upper limit to no more than 28%.

Athens have to repay €1.6 billion IMF loans by June 30.

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