Eurogroup reaches no agreement on Greek debt crisis

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Finance ministers at a crisis session of the Eurogroup will meet again on Sunday (July 12) after failing to reach an agreement on cash-for-reforms proposals submitted by Athens.

Greece says it will accept more austerity in return for a third bailout from its troika of creditors.

Although the proposed package initially received a positive reaction in Brussels, the inconclusive meeting suggests things are not as clear-cut as they may at first have seemed.

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