Greece wants to find 'fair solution' to bailout stalemate

Greece wants to continue to seek common ground with its EU and IMF lenders, a government official has said.

He said Greece wanted to continue to negotiate "at the political level". He also said there should be no deadline in the talks, just determination to find a "viable and fair solution."

The remarks come after Greek Prime Minister Alexis Tsipras told parliament on Friday that the lenders' latest proposal for more austerity measures from Greece in return for aid was "absurd."

Earlier today, European Commission President Jean-Claude Juncker voiced exasperation with Tsipras's tactics in the months-long negotiations.

He reaffirmed that a Greek exit from the single currency area was not an option but cautioned that that did not mean he could "pull a rabbit out of a hat" to prevent it.