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Eurozone fails to reach deal on Greece aid

Posted: November 21, 2012 10:00 a.m.
Updated: November 21, 2012 10:00 a.m.

BRUSSELS (AP) — EU officials have failed to reach a deal on giving Greece more aid, prolonging uncertainty over the future of the euro.

Jean-Claude Juncker, chairman of the meeting of finance ministers from the 17 European Union countries that use the euro, says talks "will reconvene on Monday."

He said early Wednesday that the finance ministers "made progress in identifying a consistent package of credible initiatives" aimed at making a further substantial reduction in Greek government debt.

There has been disagreement among the ministers and the International Monetary Fund, Greece's other bailout creditor, on how to make Athens' debt manageable.



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