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Greek debt crisis live: Eurozone to start 'difficult' talks

Greek debt crisis live: Eurozone to start 'difficult' talks - Eurozone finance ministers will resume the crucial talks on a bailout deal for Greece in Brussels.

The ministers met for nine hours on Saturday but the talks ended without agreement and Eurogroup leader Jeroen Dijsselbloem described negotiations as "very difficult".

Ministers were unsure whether Greece will implement the austerity measures proposed by them.

"We have had an in-depth discussion of the Greek proposals, the issue of credibility and trust was discussed and also of course financial issues involved, but we haven't concluded our discussions," Dijsselbloem, who heads the Eurogroup of finance ministers, told reporters. "It is still very difficult but work is in progress."

Talks are due to resume at 09:00 GMT. The ministers are seeking more specifics from Greece - more on product and labour market reform. They are also looking for a commitment from Athens to pass specific reforms in the Greek parliament in the coming days.

During Saturday's meeting, Germany produced a half-baked scheme to take out Greece from crisis for five years.

Greece made a last ditch attempt to remain in the Eurozone by securing a new three-year bailout worth up to EUR 80bn ran into a wall of resistance from the eurozone's fiscal hawks on Saturday.

Finland rejected any more funding for the country and Germany demanded that Greece must be thrown out of the currency bloc for at least five years.

The meeting of Eurozone finance ministers was held to decide on the country's fate and on what to do about its debt crisis. In a related development, the experts from the troika of creditors said that new fiscal rigour proposals from Athens were good enough to form "the basis for negotiations".