A late-night session with the European Commission, the European
Central Bank (ECB) and the International Monetary Fund (IMF) failed to
close the gaps.
Eurozone finance ministers hope to endorse a deal when they meet again, ahead of a summit of EU leaders.
Greece must repay a €1.6bn (£1.1bn) IMF loan by next Tuesday or face default.
That could lead to Greece exiting the eurozone, with possible repercussions for the rest of Europe and the world economy.
Only once agreement is reached will creditors unlock the final €7.2bn tranche of bailout funds for cash-strapped Greece.
"The
Greek government remains firm on its positions," a Greek official told
reporters after two hours of overnight talks - following a seven-hour
session earlier - in Brussels.
The latest Greek proposals are believed to include:
- New taxes on businesses and the wealthy
- Selective increases in VAT
- Savings in pensions linked to curbing early retirement and increasing pension contributions
- No further reductions in pensions or public-sector wages - "red lines" for Greece's left-wing Syriza government
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