Greece Has Until Monday To Reach Reform Deal: Creditors

By Carla MozeeMarketWatch Pulse

Debt-laden Greece has been given a Monday deadline to reach an economic-reform agreement with its creditors ahead of key repayment due next week, according to media reports. German Chancellor Angela Merkel wants a deal in place before markets open on Monday, the Guardian newspaper reported. European leaders told eurozone finance ministers to come up with a deal over the weekend, as Greece's $1.7 billion debt repayment is due June 30 to the International Monetary Fund. Finance ministers were slated to meet on Saturday following a packed week of high-level talks among Greek and European officials failed to break the stalemate. Greece needs a deal before it can receive more bailout funds.

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