Greece, creditors break off bailout talks until April 18

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.