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Greek debt talks ‘must intensify’

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Updated: 00:00 GMT, Jan 1, 1970 | Published: 05:58 GMT, Jun 11, 2015 |
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The leaders of Greece, France and Germany have agreed to intensify negotiations with Athens’ creditors, but there was little sign of progress.

After late night talks in Brussels, Greek Prime Minister Alexis Tsipras said all the sides would work to “bridge” remaining differences.

The EU and IMF want further economic reforms before they release €7.2bn (£5.3bn) of bailout funds to Athens.

Greece faces default at the end of June if it fails to repay €1.5bn to the IMF.

Earlier this week, Athens submitted a revised reform plan to the EU and IMF, after Mr Tsipras rejected a set of reforms put forward by EU Commission President Jean Claude Juncker.

It is believed Athens has conceded ground on VAT reforms, pensions and the country’s primary surplus target.

Mr Tsipras is expected to hold further talks with Mr Juncker later on Thursday.