Greek crisis deepens amid debt talks deadlockJune 25, 2015 - 16:49 AMT PanARMENIAN.Net - Urgent talks between Greece's Prime Minister, Alexis Tsipras, and the country's international lenders have ended without agreement on how to solve its debt crisis, officials say, according to BBC News. Eurozone finance ministers, who had been due to finalise a deal, will now discuss a plan proposed by creditors. Greece's Yanis Varoufakis will attend and argue Athens' counter-proposal. Time is running out to secure a deal. Greece must repay a €1.6bn IMF loan by next Tuesday, July 2 or face default. That could lead to Greece exiting the eurozone, with possible repercussions for the rest of Europe and the world economy. Only once agreement is reached will the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) unlock the final €7.2bn tranche of bailout funds for cash-strapped Greece. The crisis threatens to overshadow the EU summit opening on Thursday afternoon. Photo: UPI Related links: Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Armenia-Azerbaijan: Turkey wants deal after “positive developments” Turkey hopes “positive developments” in negotiations between Armenia and Azerbaijan will lead to an agreement. Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. |