Greece, creditors in new bid to strike deal in bailout talks

Staff Writer
Columbus CEO

ATHENS, Greece (AP) — Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough.

The new meetings are scheduled for Monday afternoon. Greece had been hoping to wrap up the talks with its European creditors and the International Monetary Fund over the weekend.

But a series of marathon meetings — including a 10-hour session that ended Monday morning — proved fruitless.

The main sticking points are a demanded overhaul of Greece's tottering pension system, where the left-led government insists it will not cut current pensions, tax reforms and protection for people who can't repay bank loans.

Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer.