Greece Given Until Sunday to Settle Debt Crisis or Face Disaster
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Prime Minister Alexis Tsipras of Greece, center left, spoke with the European Central Bank President, Mario Draghi, on Tuesday. François Hollande and Angela Merkel also attended the talks. CreditYves Herman/Reuters
BRUSSELS — Frustrated European leaders gave Greece until Sunday to reach an agreement to save its collapsing economy from catastrophe after an emergency summit meeting here on Tuesday ended without the Athens government offering a substantive new proposal to resolve its debt crisis.
“The situation is really critical and unfortunately we can’t exclude the black scenarios of no agreement,” said Donald Tusk, the president of the European Council, warning that those possibilities included “the bankruptcy of Greece and the insolvency of its banking system” and great pain for the Greek people. Also looming ever larger was the prospect of Greece leaving the European currency union…
Greece Given Until Sunday to Settle Debt Crisis or Face Disaster
