GREECE: Debt Deal Talks Will Continue Through Monday

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ATHENS, Greece (AP) — Leaders of parties supporting Greece’s coalition government say crisis talks for huge new debt deals will continue Monday.Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund — but again failed to reach an agreement.

Greece is racing to finalise austerity reforms needed for a new euro130 billion ($171 billion) without which it would face bankruptcy in late March.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

ATHENS, Greece (AP) — Leaders of parties supporting the Greece’s coalition government say crisis talks for massive new debt deals will continue Monday.

Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund — but again failed to reach an agreement.

Greece is racing to finalise austerity reforms needed for a new euro130 billion ($171 billion) without which it would face bankruptcy in late March.

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