Greece Struggles in Debt Deal

Greece’s struggle to reach a major deal with private-sector creditors—desperately needed to unlock the second round of bailout funds—continued Friday, as the negotiations between the Greek government and the European Union stalled. The EU agreed in October to cover the country's deficits over the next three years, but insisted that private creditors chip in and write off half of Greece's debt. But the details of the agreement, including how much money the International Monetary Fund will pony up, remain undecided. The country is under intense pressure to strike a deal as officials say time is running out.