Progress made with Greece over bailout but more time needed

EPA/JULIEN WARNAND

Greek Finance Minister Yanis Varoufakis and Eurogroup president Jeroen Dijsselbloem in Brussels, 11 May 2015.

Progress made with Greece over bailout but more time needed


Greece may have only a couple of weeks left before it faces real problems meeting its financial commitments, the country's finance minister conceded Monday as talks with European creditors dragged on without agreement.

Following a meeting with his peers in the 19-country eurozone, Yanis Varoufakis said Greece was being strangled by a liquidity problem that could become "binding" in a couple of weeks.

"The liquidity issue is an incredibly urgent issue," he said. "Let's not beat about the bu...


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