Greek Prime Minister Alexis Tsipras listens to European Commission President Jean-Claude Juncker (R) during a meeting at the EU Council in Brussels, Belgium, June 11, 2015. REUTERS/Emmanuel Dunand/Pool
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The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks Thursday, announcing that its delegation had broken off negotiations in Brussels and flown home because of major differences with Athens.The surprise IMF announcement came as the European Union told leftist Greek Prime Minister Alexis Tsipras bluntly to stop gambling with his cash-strapped country's future and make crucial decisions needed to avert a devastating default.EU officials later described the talks as a "last attempt" to reach a debt deal.Tusk's dramatic admonition reinforced warnings by powerful German Bundesbank President Jens Weidmann and EU Economics Commissioner Pierre Moscovici that time was running out to avert a Greek state bankruptcy and possible exit from the eurozone.People familiar with the talks said the two sides have come closer to agreeing a primary surplus target but are still wide apart on how to achieve it, with EU and IMF experts doubting that measures touted by Greece could do the job.The main losers of a Greek default and euro exit would be Greece and the Greek people, Weidmann added.
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