Greece and its European creditors to hold new bailout talks, but expectations on deal low

Protesters hold placards during a rally to show solidarity with Greece in central London, Sunday, Feb. 15, 2015. Hundreds of protesters gathered in support of the new government and the anti-austerity movement in Greece. Greece's new left-wing government is pressing for a short-term "bridge" agreement with eurozone lenders and a longer-term debt relief deal later this year. (AP Photo/Lefteris Pitarakis) (The Associated Press)

ATHENS, Greece – Greece's new radical left government and its European creditors are heading into new talks on the country's stuttering bailout program, but expectations are low.

Asked if he expects a solution at Monday's meeting in Brussels, German Finance Minister Wolfgang Schaeuble said that what he's heard of weekend technical-level discussions makes him "very skeptical."

A Greek government official said Sunday the talks with finance ministers from the other 18 euro countries will be tough, and may not result in a decision.

The official said efforts to win over European creditors to Greece's anti-austerity drive would be an "endurance course."

But time is running out. No deal by Feb. 28, when Greece was supposed to conclude a review of its bailout with Europeans, could leave its banks without access to affordable funding.