Greece and its international creditors failed to reach an initial agreement over further bailout funds for the debt-ridden country.The Eurozone finance ministers, International Monetary Fund and Greek representatives discussed for nearly eight hours. They failed to agree to write down the debt but made progress on several other aspects. A fresh bailout fund is still locked. Greece needs the fund to repay its debt due in July. However, at the following press conference, the Eurogroup President Jeroen Dijsselbloem said all parties will be much closer to an agreement at next meeting.
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