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World

As stocks fall on concern over Greece, country urges swift deal on its bailout

Associated Press
Published | Updated
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    Greece's Finance Minister Yanis Varoufakis arrives at prime minister's office to take part in a cabinet meeting in Athens, on Sunday, May 10, 2015. Eurozone finance ministers will meet on Monday amid slow-moving talks on a deal with Greece’s creditors. (AP Photo/Yorgos Karahalis) (The Associated Press)

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    Greece's Finance Minister Yanis Varoufakis, left, and EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici arrive for a debate on structural reforms at the European Business Summit in Brussels on Thursday, May 7, 2015. France says talks between Greece and its bailout creditors are going the right way and hopes that Monday's eurozone meeting will see the sides narrow their differences enough to have a deal "within hand's grasp." (AP Photo/Geert Vanden Wijngaert) (The Associated Press)

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    Greece's Finance Minister Yanis Varoufakis talks during a debate on structural reforms at the European Business Summit in Brussels on Thursday, May 7, 2015. France says talks between Greece and its bailout creditors are going the right way and hopes that Monday's eurozone meeting will see the sides narrow their differences enough to have a deal "within hand's grasp."(AP Photo/Geert Vanden Wijngaert) (The Associated Press)

ATHENS, Greece – Greece's finance minister says the country and its creditors have a "moral and political responsibility" to swiftly conclude much-delayed bailout talks, but Athens will not budge from its key negotiating positions.

Stock markets fell in the eurozone and Greece as expectations were low for a breakthrough on Monday.

Yanis Varoufakis will meet later in the day with his eurozone peers, which provide the bulk of the loans keeping Greece afloat.

Despite three months of talks, Greece and its creditors have failed to agree on further reforms and savings Athens needs to qualify for a 7.2 billion euro ($8 billion) loan installment. Without the cash, Greece could go bankrupt within weeks.

Varoufakis says Greece's left-led government will reject any deal that doesn't guarantee a credible prospect of ending Greece's crisis.