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World

The Latest: EU official says successful talks on Greece's next bailout hinge on trust issues

Associated Press
Published | Updated
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    Greek Finance Minister Euclid Tsakalotos leaves after a meeting of eurozone finance ministers at the EU Lex building in Brussels on Saturday, July 11, 2015. Greece's negotiators head to Brussels on Saturday armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing lawmakers hanging over them. (Olivier Hoslet/Pool Photo via AP) (The Associated Press)

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    Dutch Finance Minister Jeroen Dijsselbloem speaks with the media as he leaves after a meeting of eurozone finance ministers at the EU Lex building in Brussels on Sunday, July 12, 2015. Greece's negotiators head to Brussels on Saturday armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing lawmakers hanging over them. (Francois Lenoir/Pool Photo via AP) (The Associated Press)

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    Greek Finance Minister Euclid Tsakalotos leaves after a meeting of eurozone finance ministers at the EU Lex building in Brussels on Saturday, July 11, 2015. Greece's negotiators head to Brussels on Saturday armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing lawmakers hanging over them. (Olivier Hoslet/Pool Photo via AP) (The Associated Press)

BRUSSELS – The latest from Greece's financial crisis (all times local):

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9:45 a.m.

For the Greek bailout talks to be successful, European officials say it's all about trust.

Greece will have another, possibly its last, chance Sunday to convince skeptical European creditors it can be trusted to enact wide-ranging economic reforms that would safeguard its future in the common euro currency used by 19 European nations.

The talks in Brussels resume at 11 a.m. (0900 GMT), just a few hours before the European Union's 28 leaders descend for a summit.

The two sides negotiated for eight hours Saturday where Jeroen Dijsselbloem, the eurozone's top official, says "the issue of credibility and trust was discussed."

Greece has asked Europe's bailout fund for a 53.5 billion-euro ($59.5 billion) 3-year financial package but many EU officials believe that won't be enough.