Euro zone talks stuck over IMF role, privatisation: Greek official

Euro zone talks stuck over IMF role, privatisation: Greek official
PHOTO: Reuters

BRUSSELS - Greece and its euro zone partners remained divided on Monday over terms for a bailout, with Athens objecting to the role suggested for the IMF and to proposals for an independent fund to hold Greek assets ahead of privatisation, a Greek government official said.

Euro zone leaders were still seeking a breakthrough after some 13 hours of talks in Brussels. Finance ministers from the 19 euro zone members had on Sunday put forward proposals including transferring up to 50 billion euros (S$75 billion) of Greek assets to an external and independent fund. They also want the IMF involved in any programme, something Greece objects to.

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