Greece Says Compromise Not Possible Under Current Conditions

05-May (Bloomberg) — Greece blamed international creditors for the failure to find an agreement in bailout talks, saying a deal won’t be possible until they agree on a common set of demands.

A Greek official said that the European Commission and the International Monetary Fund are confronting the country with too many red lines and aren’t coordinated enough with each other.

The IMF won’t compromise on labor deregulation and pension reforms, while the European Commission is insisting on fiscal targets being met and is refusing to consider a debt write down, said the official, who spoke on condition of anonymity because the talks are confidential.

[source]

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