“It was not possible to bridge the differences and come up with a concrete solution,” government spokesman Dimitris Tzanakopoulos said during a press briefing on Tuesday.

Although the distance between the IMF and the German Finance Ministry has been reduced in the last few weeks, he said, it still remains.

“The solution presented at yesterday’s meeting did not correspond neither to the targets set in the previous period nor to the sacrifices of the Greek people”, he explained. Therefore, postponing the agreement for a few days in order to be able to present a better proposal was the best solution, the government spokesman said.

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The Athens-Macedonian News Agency (AMNA) (Greek: Αθηναϊκό-Μακεδονικό Πρακτορείο Ειδήσεων, AΜΠΕ) is a Greece-based news service. It is a public entity anonymous company. It was founded in 2008 as the Athens News Agency - Macedonian Press Agency S.A. (ANA-MPA SA), under a presidential decree which merged the Athens News Agency (ANA SA) and the Macedonian Press Agency (MPA SA).