Greece and its European creditors failed on Monday to agree on the next batch of bailout loans

After more than eight hours of talks in Brussels, finance ministers from the single currency bloc and the International Monetary Fund (IMF) were unable to secure an agreement on the sort of debt relief measures the Athens government can expect when its current bailout program ends next year.

Greece could default on its debts in July if it can't repay some 7.3 billion euros

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