Greece and its European creditors to hold new bailout talks, but expectations on deal low
{{#rendered}} {{/rendered}}Protesters hold placards during a rally to show solidarity with Greece in central London, Sunday, Feb. 15, 2015. Hundreds of protesters gathered in support of the new government and the anti-austerity movement in Greece. Greece's new left-wing government is pressing for a short-term "bridge" agreement with eurozone lenders and a longer-term debt relief deal later this year. (AP Photo/Lefteris Pitarakis) (The Associated Press)
Greece's new radical left government and its European creditors are heading into new talks on the country's stuttering bailout program, but expectations are low.
Asked if he expects a solution at Monday's meeting in Brussels, German Finance Minister Wolfgang Schaeuble said that what he's heard of weekend technical-level discussions makes him "very skeptical."
A Greek government official said Sunday the talks with finance ministers from the other 18 euro countries will be tough, and may not result in a decision.
{{#rendered}} {{/rendered}}The official said efforts to win over European creditors to Greece's anti-austerity drive would be an "endurance course."
But time is running out. No deal by Feb. 28, when Greece was supposed to conclude a review of its bailout with Europeans, could leave its banks without access to affordable funding.