Greek Debt Deal Elusive but Investors Remain Hopeful

February 12, 2015 11:25 AM

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Talks between Greece and its eurozone creditors broke down early Thursday without even a plan of action on how to move forward on the country's debts and bailout, but markets were buoyant on hopes that a deal will be reached in time for Greece to avoid a potential exit from the euro.

Following an emergency meeting of the eurozone's 19 finance ministers in Brussels, the two sides failed to even issue a statement, a sign they will need to yield some ground if a compromise deal is to be reached at a follow-up meeting on Monday.

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