Athens

: He said his government had a responsibility to defend Greece dignity and would resist demands for further pension cuts, according to CBC. Why Europe can't let Greek economy crumble: Don Pittis Greece fails to reach debt deal with creditors as last-ditch talks dissolve "It is not a matter of ideological stubbornness. Instead he blamed creditors for Sunday breakdown of the cash-for-reform talks, the biggest setback in long-running negotiations to unlock aid. It has to do with democracy," said the 40-year-old leftist, who was elected on a pledge to end austerity. Athens pressed to offer new proposals Germany and other creditor nations demanded that Athens come to its senses and offer new proposals. "It won't work that Greece sets the terms and says 'everyone has to dance to our tune'. Greece needs to get back to reality," Volker Kauder, parliamentary floor leader of Chancellor Angela Merkel conservatives, told ARD television. Athens now has just two weeks to find a way out of the impasse before it faces a 1.6-billion euro repayment due to the International Monetary Fund, potentially leaving it out of cash, unable to borrow and dangling on the edge of the currency area. (news.financializer.com). As reported in the news.