GREECE has sent senior officials to talk to the International Monetary Fund in Washington after key talks with the country’s creditor banks broke down.
Fears of an unruly default are growing plunging the country back into the centre of the eurozone debt crisis as it needs a deal with banks exposed to its sovereign debt ahead of the payment of €14.5bn in bond redemptions due in March.
In addition, a deal needs to be done before another €130bn tranche in EU/IMF/ECB loan funds is released to the country.
"There is a little pause in these discussions,” said Greek Prime Minister Lucas Papademos.
“But I am confident that they will continue and we will reach an agreement that is mutually acceptable in time."