Greece fails to win debt deal, as UK budget deficit widens – business live

All the day’s economic and financial news, including reaction to last night’s Eurogroup meeting and the latest UK public finances

Over in Athens the government spokesman has challenged the German finance minister’s view, and suggested Berlin is responsible for the failure to reach a comprehensive deal that would also include debt relief.

“The solution presented yesterday corresponded neither to the targets that had recently been set nor the sacrifices of the Greek people.”

“The main difference between the IMF and the German finance ministry has to do with the growth projections and primary surpluses after 2023.”

Germany’s finance minister, Wolfgang Schäuble, has just told reporters in Brussels that the IMF ‘proved to be difficult’ during last night’s Eurogroup meeting.

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