Greece bailout talks collapse, Greece rejects EU bailout offer

Greece’s Finance Minister Yanis Varoufakis has said he is prepared for tough negotiations

Talks between Greece and European finance ministers have collapsed early after Greece rejected the EU’s bailout offer as ‘absurd’ and ‘unacceptable’.

They were meeting in Brussels to try and reach a new deal on Greece’s bailout, which it wants restructured.

The International Monetary Fund (IMF) and European Union (EU) say there should be no change to the conditions of the €240bn (£178bn) loan.

The Eurogroup head said there was still time for Greece to agree an extension…