Greece, Germany face-off in last chance debt talks

[WorldNews]

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Germany and Greece face off again on Friday in search of a last minute bailout compromise, with Berlin insisting Athens accept continued austerity in return for fresh aid. After days of sharp exchanges, the 19 eurozone finance ministers gather for their third meeting in little over a week to consider a take-it or leave-it proposal by Athens that they extend an EU loan programme which expires this month. Europe's paymaster Germany initially rejected the request out of hand but a lengthy phone call between left-wing Greek Prime Minister Alexis Tspiras and German Chancellor Angela Merkel late Thursday appeared to calm the waters. The call came after a Greek government source released a very unflattering document said to outline Berlin's position at official-level talks Thursday.

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