Greece faces D-Day after 'difficult' bailout talks halted

Brussels

Greece on Sunday faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.

Saturday's meeting of the Eurogroup, comprising finance ministers from the 19-nation single currency area, was supposed to pave the way for all 28 European Union leaders to sign a final agreement at an emergency summit the following day, billed as the last chance to keep Greece in the euro.

But sceptical nations demanded more commitments from Athens, amid claims Berlin had drawn up an "internal paper" for Greece to leave the eurozone for five years, while Finland reportedly decided not to accept any new rescue plan for debt-laden Greece.

Eurogroup chief Jeroen Dijsselbloem said the "issue of credibility and trust was discussed" by ministers, who are wary of the Greek government's commitment to enacting the new reforms which closely resemble those rejected by voters in a surprise referendum.

"We haven't concluded our discussions. It is still very difficult but work is still in progress," said Dijsselbloem after nine hours of gruelling talks, adding that they would resume Sunday morning at 0900 GMT.

Finnish Finance Minister Alexander Stubb was more upbeat, despite reports that Finland's parliament has decided it will not allow the government to accept any new bailout deal for Greece."We are making good progress," he said.