Eurozone Tells Greece Not to Expect Debt Relief in Near Future

A tattered EU flag flutters in front of the Parthenon in Athens.

THE GUARDIAN: Hopes fade for quick solution to thwart Grexit as Eurogroup finance chiefs show incredulity as new Greek finance minister arrives without detailed proposals

The Greek government has been told by its eurozone partners not to expect debt relief any time soon, amid fading hopes of decisive action to stop the country tumbling out of the currency union.

Eurozone finance ministers arriving for emergency talks in Brussels made it clear they were waiting on Athens to sign up to further reforms and were in no hurry to discuss debt relief.

But there was incredulity when it emerged Greece’s new finance minister Euclid Tsakalotos had not come armed with detailed proposals. » | Jennifer Rankin in Brussels | Tuesday, July 7, 2015