"There is no agreement with Greece as talks in Brussels fail

• June 14, 2015
• Business-area

Greek Prime Minister Alexis Tsipras (left) warned of "difficult compromises"

The latest round of talks between the Greek and EU authorities in Brussels have failed to reach an agreement.

A European Commission spokesman said that no progress we have made on Sunday, remained "significant gaps".

Europe wants spending cuts Greece € 2bn (£ 1.44bn), an agreement to unblock the rescue fund to obtain.

Greek Deputy Prime Minister said Yannis Dragasakis Athens has always been willing to negotiate with their lenders.

He said that the Greek government proposals Domingo had fully covered the budget deficit, as requested.

But Mr. Dragasakis added that the EU and the IMF want Greece to further reduce pensions - what he said Athens would never accept.

The cash-strapped nation tries to close a financing agreement with the European Union and the IMF before the end of June, to avoid a default.

The euro zone finance ministers will discuss Greece at its meeting on Thursday. The meeting is regarded as the last chance for Greece to reach an agreement.

The Commission spokesman said: "President [Jean-Claude] Juncker convinces them that reform through increased efforts by the Greeks and the political will of all parties, a solution can always be found before the end of the month."

Lose patience

The calls come from Germany ramps up pressure on Greece. Vice Chancellor Sigmar Gabriel said on Sunday that European nations were losing patience with Greece.

Germany wanted to keep Greece in the euro zone, but the letter warned in screen warning that "time is not only money, but also patiently throughout Europe."

Sigmar is also economy minister and leader of the junior coalition partner the Social Democrats.

Sigmar Gabriel, German Vice-Chancellor, with German Chancellor Angela Merkel

His article will be considered as a warning, especially since his party was for Greece in the past.

"Across Europe, the cultivation of feeling, that's enough," he wrote.

Greece is trying to avoid defaulting on debt payment to the IMF 1500000000 € since the end of the month.

The creditors demanded spending cuts in exchange for another piece of the bailout fund.

But the decision left Syriza party in Greece, led by Alexis Tsipras, was elected in January promises to facilitate unpopular austerity measures, creating the increase in the minimum monthly wage, and more jobs.

But on Saturday, Mr. Tsipras warned the Greek people, prepare a "difficult compromises".