Eleventh hour bail-out talks last just 45 minutes as Prime Minister Alexis Tsipras is accused of “swindling the world” with his demands
E.U. Urged to Plan for Greece to Default
BRUSSELS — A chorus of voices on Monday called on European Union authorities to plan for Greece to default on its huge pile of debt after talks between Athens and its creditors deteriorated over the weekend.
Senior figures from Germany were among the most outspoken, with one warning of the need for a “state of emergency” to handle the potential fallout from a failure to reach a deal with the Greek government. Germany is one of Greece’s biggest creditors.