Europe

Greece, creditors break off bailout talks until April 18

  • Greece's Prime Minster Alexis Tsipras, left, waits for his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough. Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer. (AP Photo/Thanassis Stavrakis)

    Greece's Prime Minster Alexis Tsipras, left, waits for his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough. Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

  • Greece's Prime Minster Alexis Tsipras speaks with his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough. Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer. (AP Photo/Thanassis Stavrakis)

    Greece's Prime Minster Alexis Tsipras speaks with his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough. Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

  • Greece's Prime Minster Alexis Tsipras waits his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough. Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer. (AP Photo/Thanassis Stavrakis)

    Greece's Prime Minster Alexis Tsipras waits his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. Greek officials and representatives of the country's bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a breakthrough. Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

Greece and its bailout creditors have suspended talks on the country's austerity program until next week, after a new set of marathon overnight negotiations failed to produce a breakthrough.

Finance Minister Euclid Tsakalotos says the meetings in Athens would resume April 18, with an aim to reaching an agreement by April 22, when he is due to meet with his peers from the 19-country eurozone.

He said that both Greece and its creditors — other European countries and the International Monetary Fund — agreed that some progress has been made.

Greece's left-led government is hoping to conclude the talks as soon as possible, as that would allow the beginning of negotiations on easing the country's crippling debt load.

The country has depended on rescue loans since 2010.