05/27/2015 08:52 am ET

Greece Likely to Miss May Deal Deadline


Greece will likely miss a deadline for a deal with creditors by the end of the week as the two sides make little progress in their talks, four international officials familiar with the matter said.

Greece is nowhere close to an agreement with the European Commission and International Monetary Fund, missing a target for a deal by the end of May set last week by German Chancellor Angela Merkel and French President Francois Hollande, said the people, who asked not to be identified discussing private negotiations.

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