Greece bailout talks called off

Press Association
Greek Prime Minister Lucas Papademos
Greek Prime Minister Lucas Papademos

The frenzied effort to bail out Greece and save it from a potentially devastating debt default has suffered another setback as a crucial meeting of eurozone finance chiefs was called off.


The meeting of the 17 euro countries to discuss Greece's second multi-billion bailout that had been planned for Wednesday was cancelled on Tuesday night after Athens failed to deliver on several demands made by its partners in the currency union.