Greeks seek debt relief as EU steps up warnings

BRUSSELS/ATHENS (Reuters) - Greek negotiators were expected to press the country's international creditors for debt relief on Sunday as Europe stepped up pressure on Athens to offer major concessions on austerity and reform or face dire consequences. Neither side doubts the urgency of reaching a deal as Greece must repay 1.6 billion euros ($1.8 billion) to the International Monetary Fund by the end of this month or default, putting its future in the euro in grave danger. Germany's Frankfurt Allgemeine Sonntagszeitung reported that European Commission President Jean-Claude Juncker had warned Prime Minister Alexis Tsipras about the risk of "Grexit" - a Greek exit from the currency bloc - when they met in Brussels last week.

Greeks seek debt relief as EU steps up warnings source: http://finance.yahoo.com/news/greeks-seek-debt-relief-eu-104038752.html