German Chancellor, Greek PM agree to stay in touch to reach debt deal


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Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal.

Shut out of international markets and locked in talks with its European Union and International Monetary Fund creditors over its proposed reform-for-cash deal, Greece risks running out of cash within weeks.

But during a regular meeting on Friday, euro zone finance ministers warned its government, that it would get no fresh aid until it agreed to a complete economic reform plan.

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