Greece: Bailout Still Far Away

santorini-766677_1280Unless Greece commits to more economic reforms, Europe is not likely to offer a bailout to the country again.

Finance officials from the 19 countries that use the euro kicked off a second day of talks on Greece’s request for a financial rescue, after failing to reach a breakthrough Saturday.

“If this was a negotiation from 1 to 10, I think we are still standing somewhere between 3 and 4, so making progress but we are not there yet,” Finnish finance minister Alex Stubb said as he entered the meeting in Brussels.

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