Advertisement

  1. National

Greece wants 'fair solution' to debt offer stalemate

Greece wants to find a "viable and fair solution" with its EU and IMF lenders to agree an aid package, a government official has said.

On Friday, Greek prime minister Alexis Tsipras labelled a cash for reforms offer by the debts-seeking EU as "absurd".

Earlier, European Commission President Jean-Claude Juncker said a Greek exit from the single currency area is not an option but that does not me he could "pull a rabbit out of a hat" to prevent it.

View all 15 updates ›

Greek PM to hold further talks with Merkel and Hollande

Greek Prime Minister Alexis Tsipras will hold talks with German Chancellor Angela Merkel and French President Francois Hollande on the sidelines of a summit in Brussels on Wednesday.

Alexis Tsipras faces more talks to resolve the financial aid package Credit: Reuters

The three leaders held a teleconference on Saturday, which a Greek government official said was held in a "good climate", without giving details on the content of the call.

Greece is locked in a standoff with its euro zone and IMF creditors over an aid package aimed at unlocking money for the cash-strapped country.

More on this story