Tuesday, February 17, 2015

Osborne warns the EU and Greece to find agreement over debt

Britain's Finance Minister has warned that its crunch time for Greece and the other European Union members to find a solution to the deadlock over Greek debt. 

EU finance leaders are meeting in Brussels today with Greek debt situation set to dominate talks. 

On Monday talks between Eurozone ministers and Greece broke down after Athens rejected an offer to extend its bailout  under the same austerity conditions. Greece's 240 billion euro loan runs out in March. 

Britain's Finance Minister George Osborne said EU members expected this situation to be resolved. 

IN: "Well..
OUT:  ...not chaos."
DUR:  22