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World

Investors rattled by bailout impasse, Greek shares tumble as talks stall

Associated Press
Published | Updated
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    A man enters an antique shop in central Athens, on Monday, June 15, 2015. The European Commission said Sunday that weekend talks to find common ground between international creditors and Greece were unsuccessful and left a wide rift that needs to be closed within two weeks to avoid a possible Greek default.(AP Photo/Petros Giannakouris) (The Associated Press)

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    A Greek flag is seen in a mini market in central Athens on Monday, June 15, 2015. The European Commission said Sunday that weekend talks to find common ground between international creditors and Greece were unsuccessful and left a wide rift that needs to be closed within two weeks to avoid a possible Greek default.(AP Photo/Petros Giannakouris) (The Associated Press)

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    A man reads a newspaper outside a kiosk selling souvenir bags in the Monastiraki tourist district of Athens on Monday, June 15, 2015. The European Commission said Sunday that weekend talks to find common ground between international creditors and Greece were unsuccessful and left a wide rift that needs to be closed within two weeks to avoid a possible Greek default.(AP Photo/Petros Giannakouris) (The Associated Press)

ATHENS, Greece – Investors in Greece have been rattled by the failure over the weekend to break a months-long deadlock in the country's bailout talks with creditors. Shares on the Athens Stock Exchange were 6 percent lower in early trading, and markets opened lower across Europe.

The talks in Brussels between negotiators from Greece and bailout lenders failed to bridge differences despite mounting pressure on Athens, which has taken the emergency measure of bundling its June repayments to the International Monetary Fund until the end of the month.

Prime Minister Alexis Tsipras on Monday told the Efimerida Ton Syntakton newspaper that eurozone and IMF lenders had demanded a new round of pension cuts, which his government had rejected.