Differences between EU, IMF blocking compromises in Greek debt talks: Athens

With time quickly running out to unlock bailout funds needed to repay its debts, the Greek government said Tuesday that differences between the EU and IMF were blocking an agreement.

With time quickly running out to unlock bailout funds needed to repay its debts, the Greek government said Tuesday that differences between the EU and IMF were blocking an agreement.

"Serious divergences and contradictions between the creditors, the European Union and International Monetary are hindering the negotiations" with Greece, the Greek government said in a statement.

Given "this inability of the institutions to reach an agreement ... there can be no compromise" which is needed to reach a deal with Greece, said Athens.

It said the current situation is "the exclusive responsibility" of the EU and IMF.

Greek Finance Minister Yanis Varoufakis said earlier Tuesday that he expects no deal with his counterparts in Brussels on May 11 to unlock 7.2 billion euros ($8.1 billion) from Greece`s current bailout programme.

There are growing concerns about the Greek government`s ability to repay the 1 billion euros in owes to the IMF in two payments this week and next.

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