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Europe

Greece, creditors in new bid to strike deal in bailout talks

Associated Press
Published | Updated
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    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)

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    Greece's Prime Minster Alexis Tsipras, right, speaks with his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. The two Prime Ministers will sign joint declaration on the future of Europe and further cooperation between Greece and Portugal. Last February Costa informed the EU leaders that Portugal is ready to receive up to 6,000 refugees from Greece in addition to those it has already agreed to receive. (AP Photo/Thanassis Stavrakis) (The Associated Press)

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    Greece's Prime Minster Alexis Tsipras, second right, welcomes his Portuguese counterpart Antonio Costa at the Maximos Mansion in Athens on Monday, April 11, 2016. The two Prime Ministers will sign joint declaration on the future of Europe and further cooperation between Greece and Portugal. Last February Costa informed the EU leaders that Portugal is ready to receive up to 6,000 refugees from Greece in addition to those it has already agreed to receive. (AP Photo/Thanassis Stavrakis) (The Associated Press)

ATHENS, Greece – 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.

The new meetings are scheduled for Monday afternoon. Greece had been hoping to wrap up the talks with its European creditors and the International Monetary Fund over the weekend.

But a series of marathon meetings — including a 10-hour session that ended Monday morning — proved fruitless.

The main sticking points are a demanded overhaul of Greece's tottering pension system, where the left-led government insists it will not cut current pensions, tax reforms and protection for people who can't repay bank loans.

Greece has depended on rescue loans since 2010, and signed a third, 86-billion-euro ($98-billion) bailout deal last summer.