(13 Jun 2015) Shoppers at an Athens farmers' market said on Saturday they felt the pinch of Greece's economic crisis and were worried about the outcome of the country's negotiations with its creditors.
Greece said Friday it will present its creditors with new proposals over the weekend in an attempt to breathe life into stalled bailout discussions that have stoked fears of the country's bankruptcy.
Markets tumbled on Friday as investors reassessed their recent bout of optimism over the likelihood of a deal that would prevent the country from going bankrupt.
Confirmation that talks would proceed over the weekend came after European markets had closed.
A Greek government official indicated a deal with creditors may be nearer than thought after Prime Minister Alexis Tsipras had conferred with senior ministers.
Greece's 240 billion-euro (270 billion US dollars) bailout expires June 30, at which point the country will lose access to the rescue loans it desperately needs to repay debts and avoid a default that could force it out of the euro.
The country's creditors - its fellow eurozone states, the European Central Bank and the IMF - want the Greek government to commit to new economic reforms before they disburse the last 7.2 billion euros (8.2 billion US dollars) left in Greece's bailout fund.
The key points of contention appear to be cuts to Greek pensions, changes in the labour market and the size of Greece's government budget.

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